10:04 AM EST - Gerdau Ameristeel Corp. : reported first-quarter net income of $25.2 million U.S. or $0.06 U.S. per share, in comparison to a net loss of $31.5 million U.S. or $0.07 U.S. per share last year. Net sales increased 10% to $1.14 billion U.S. from $1.04 billion U.S. reported last year. Gerdau Ameristeel Corp.
shares T.GNA are trading up $0.38 at $7.60.
