Check out the companies making headlines in after-hours trading: Cleveland-Cliffs — The steel producer added 1.6%. Cleveland-Cliffs said it was lowering its outlook for capital expenditures and was on pace to hit its target for cost reductions. On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. Cadence Design Systems — The electronic design stock slipped 1.6% on the back of soft earnings guidance for the current quarter. Cadence said to expect earnings of $1.39 to $1.49 per share in the third quarter, while analysts polled by FactSet called for $1.61 a share. That overshadowed the company’s better-than-expected report for the second quarter. Nucor — The steel manufacturer slipped 1% even after its earnings that surpassed forecasts. In the second quarter, Nucor earned $2.68 per share on $8.08 billion in revenue, while analysts polled by LSEG anticipated $2.35 a share and $7.69 billion in revenue. Crown Holdings — The packaging product maker jumped 6% on the back of full-year guidance that exceeded expectations. Crown said earnings should come in at between $6 and $6.25 on a per-share basis, higher than the $5.97 per share estimate from analysts surveyed by FactSet. The company also beat the consensus forecast from analysts on the measure for the second quarter, but slightly mi …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in after-hours trading: Cleveland-Cliffs — The steel producer added 1.6%. Cleveland-Cliffs said it was lowering its outlook for capital expenditures and was on pace to hit its target for cost reductions. On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. Cadence Design Systems — The electronic design stock slipped 1.6% on the back of soft earnings guidance for the current quarter. Cadence said to expect earnings of $1.39 to $1.49 per share in the third quarter, while analysts polled by FactSet called for $1.61 a share. That overshadowed the company’s better-than-expected report for the second quarter. Nucor — The steel manufacturer slipped 1% even after its earnings that surpassed forecasts. In the second quarter, Nucor earned $2.68 per share on $8.08 billion in revenue, while analysts polled by LSEG anticipated $2.35 a share and $7.69 billion in revenue. Crown Holdings — The packaging product maker jumped 6% on the back of full-year guidance that exceeded expectations. Crown said earnings should come in at between $6 and $6.25 on a per-share basis, higher than the $5.97 per share estimate from analysts surveyed by FactSet. The company also beat the consensus forecast from analysts on the measure for the second quarter, but slightly mi …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
