Steel & Tube in trading halt pending earnings guidance

Mon, 21 May 2018

By Paul McBeth May 22 (BusinessDesk) - Steel & Tube Holdings shares have been halted from trading pending a board review of the steel products maker's financial performance, which the company expects will change earnings guidance. The stock last traded at $1.98, valuing the company at $179.4 million, and has declined 5.7 percent so far this year. The Lower Hutt-based company had previously forecast annual earnings excluding non-trading costs would be in line with the $31.7 million reported in 2017. "The halt is to allow for STU’s bo...

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