Nucor (NUE)’s Stronger Steel Prices Fail to Offset Rising Costs in Q3 Outlook
Nucor Corporation (NYSE:NUE) came under pressure after issuing third-quarter earnings guidance that fell short of Wall Street expectations. Shares declined more than 3% in after-hours trading on September 17 after the steelmaker forecast third-quarter earnings of $5.55 to $5.65 per share. While the guidance would represent a substantial increase from the $2.63 per share reported […]
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