Why Nucor Stock Crashed on Record Earnings

A funny thing happened to Nucor (NYSE: NUE) stock today -- and I mean funny-strange, not funny-funny.

First, the steelmaker preannounced its earnings for the fourth quarter of 2021, predicting that "earnings are expected to be the highest quarterly earnings in Nucor history." And then Nucor stock plunged, down 11.5% as of 1:15 p.m. ET.

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Source Fool.com