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Nucor Lags Its Steel Peers on Disappointing Q2 Guidance

Mark O'Hara
Nucor Lags Its Steel Peers on Disappointing Q2 Guidance

On June 17, Nucor (NUE), the largest US-based steel producer, released its second-quarter earnings guidance. The company expects to post EPS of $1.20–$1.25 in the quarter. In contrast, it posted EPS of $1.63 in the first quarter and $2.13 in the second quarter of 2018.