Nucor shares are trading lower after the company issued a soft Q3 outlook, expecting earnings for its steel mills segment to decline sequentially due to lower pricing and volumes.
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation has issued a soft Q3 outlook, expecting earnings for its steel mills segment to decline sequentially due to lower pricing and volumes. This has led to a decrease in the company's share price.
September 15, 2023 | 3:59 pm
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Nucor's Q3 outlook is expected to be soft with a sequential decline in earnings for its steel mills segment due to lower pricing and volumes. This has negatively impacted the company's stock price.
Nucor's soft Q3 outlook indicates a potential decrease in earnings due to lower pricing and volumes in its steel mills segment. This negative outlook has led to a decrease in the company's share price, indicating a negative short-term impact on the stock.
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IMPORTANCE 80
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