NUE - What's Going On With Nucor Corp Stock On Friday? | Benzinga
Nucor Corporation (NYSE:NUE) announced its second-quarter outlook on Friday but it failed to uplift investor sentiment.
The steel maker cautioned that it expects earnings of $2.20 to $2.30 per diluted share, significantly lower than $5.81 in the year-ago period. The earnings expectations fell short of the $2.99 consensus.
Lower average selling prices and lackluster volumes at the steel mills segment are driving the ...