14.06.2024 13:58:51 - dpa-AFX: Nucor Expects Drop In Q2 Earnings Below Street View
WASHINGTON (dpa-AFX) - Nucor Corp. (NUE), a maker of steel and related
products, on Friday provided earnings guidance for the second-quarter, well
below analysts' estimates.
For the second-quarter, the steel maker expects earnings in a range of $2.20 to
$2.30 per share.
On average, nine analysts, polled by Thomson Reuters expect the firm to earn
$2.99 per share for the quarter. Analysts' estimates typically exclude special
items.
For the second-quarter of the previous year, Nucor had registered earnings of
$5.81 per share.
Nucor is scheduled to release its second-quarter earnings result on July 22.
NUE was trading down by 2.02 percent at $151 in the pre-market on the New York
Stock Exchange.
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