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Nucor's (NUE) projected third-quarter earnings range of $5.55 to $5.65 per share came in below Wall Street expectations even as the company called it a sizable gain over the $2.63 comparison figure it cited.
Nucor fell to the worst-performing slot in the S&P 500 on the session. Steel Dynamics (STLD) posted an equally soft quarter-ahead outlook and dropped sharply alongside it.
Guidance below consensus, demand steady Both companies told investors that demand and pricing conditions remain largely firm.
That framing puts the market reaction squarely in expectations territory: neither management team is flagging a crack in the order book. Both simply guided below what the street had modeled.
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