Nucor Earnings: Here’s Why the Stock is Up Now
Nucor Corporation (NYSE:NUE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Nucor Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 41.3% to $0.27 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Decreased 8.59% to $4.67 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nucor Corporation reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.30. It beat the average revenue estimate of $4.59 billion.
Key Stats (on next page)…