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Nucor Corporation (NYSE: NUE) saw its stock price plummet on lower earnings forecasts, despite having a strong outlook for future business.
Nucor Corporation was recently quoted as saying that it expects decreases in earnings from its construction and mining divisions. While these declines may seem alarming at first, the company has a promising outlook for future growth. Nucor stock is currently trading at a price of $14.12, which is down by approximately 2.84% in the last 24 hours.
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