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Steel Dynamics Inc. has issued a third-quarter 2024 earnings guidance, forecasting earnings per diluted share in the range of $1.94 to $1.98, which is lower than the consensus estimate of $2.10. This represents a significant decrease from the company's second-quarter earnings of $2.72 per share. The decline in earnings is attributed to lower steel prices that continue to impact the company's profitability.
"U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories" https://t.co/SWbAYmhF0e https://t.co/BJ17MkZeXs
Steel Dynamics $STLD misses earnings: The steelmaker forecast third-quarter profit below Wall Street estimates, as lower steel prices continue to weigh on its bottom line. The company expects to earn a profit of between $1.94 and $1.98 per share in the third quarter, compared…
Nucor Says Third-Quarter Earnings Should Decline. The Stock Drops. https://t.co/lwI7cGU5HT
