SAO PAULO SP, Brazil (AP) — SAO PAULO SP, Brazil (AP) — Gerdau SA (GGB) on Wednesday reported net income of $164.8 million in its second quarter.

The Sao Paulo Sp, Brazil-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 9 cents per share.

The steel producer posted revenue of $3.19 billion in the period.

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