UPDATE 1-Quanex quarterly earnings fall 23 percent

Newswire

(Adds details on sales, outlook) CHICAGO, May 31 (Reuters) - Quanex Corp. , which produces steel for the auto industry and aluminum sheets for construction, said on Thursday that quarterly earnings fell 23 percent under pressure in its building products business. Quanex raised the bottom of its full year earnings per share forecast, citing expectations for an improving automotive outlook and some new programs for its building group. Net income fell to $32.8 million, or 84 cents per ...

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