Vulcan Materials: Shares Dropped Justifiably
Vulcan(VMC) Seeking Alpha·2024-08-07 21:19
Waithaya Palee August 6th ended up being a pretty brutal day for shareholders of Vulcan Materials (NYSE:VMC). As the broader market rebounded following a disastrous and painful global route that occurred the day prior, shares of the aggregates, asphalt, and ready-mix concrete company dropped by 4.4%. There were multiple drivers behind this decline. For starters, both revenue and earnings per share came in lower than what analysts anticipated. But in addition to this, the company also revised down guidance f ...