Nucor falls after profit forecast trails estimates
Shares of steel maker Nucor Corp. fell Thursday as investors focused on what appeared to be a disappointing third-quarter outlook instead of record second-quarter results.The stock closed down 11.1 percent – but not before dropping 15.9 percent in intraday trading. Since June 5, shares of Nucor have fallen more than 25 percent.Thursday's share price tumble came despite Nucor reporting that strong shipments and growing margins propelled its second-quarter profit 68 percent higher to...
7/18/2008 12:33:00 AM
Charlotte.com: Business
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