PROFIT & LOSS

New York-listed Nucor guides lower for Q3 earnings

Nucor has warned investors that its third-quarter earnings will be “considerably lower” due to metal margin contraction and reduced shipping volumes, especially at its sheet and plate mills.

 Nucor guides lower for third quarter

Nucor guides lower for third quarter

Steel firm Nucor expects third-quarter earnings to be in the range of US$6.30-$6.40 per diluted share, down 35% from net earnings of $9.67 per diluted share in the second quarter and $7.28 per diluted...

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