Post #1 by mapg on the Nucor board

Stocks A to Z / Stocks N / Nucor (NUE)

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Another indicator that Sentiment is not getting better.

"Nucor Corporation (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 expected decrease in earnings.

In addition, the steel products segment also bears the brunt of lower average selling prices."

GD_

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