Steel Dynamics Inc. reported second-quarter earnings and revenue below market expectations, sending shares down 2% as the company cited gradual improvement despite a tough market.
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Nucor shares climbed after the U.S. steelmaker raised its Q2 earnings outlook above Wall Street forecasts, while Steel Dynamics fell on weaker-than-expected guidance.
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Steel Dynamics $STLD: EPS Act: $2.72 vs. Forecast: $2.73. Revenue Act: $4.6B vs. Forecast: $4.44B. #SteelDynamics #Earnings