Nucor shares are trading lower after the company issued soft Q2 guidance, citing decreased earnings in the steel mills segment.
Portfolio Pulse from Benzinga Newsdesk
Nucor shares are trading lower after the company issued soft Q2 guidance, citing decreased earnings in the steel mills segment.
June 14, 2024 | 11:36 am
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Nucor shares are trading lower after the company issued soft Q2 guidance, citing decreased earnings in the steel mills segment.
The soft Q2 guidance and decreased earnings in the steel mills segment are likely to negatively impact investor sentiment and lead to a short-term decline in Nucor's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100