Gerdau (NYSE:GGB) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.09 by 17.78 percent. This is a 7.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $3.09 billion which missed the analyst consensus estimate of $3.14 billion by 1.50 percent. This is a 3.01 percent decrease over sales of $3.19 billion the same period last year.