Previous close | 4.7400 |
Open | 9.1000 |
Bid | 4.7000 |
Ask | 5.5000 |
Strike | 162.50 |
Expiry date | 2024-06-21 |
Day's range | 4.7400 - 9.1000 |
Contract range | N/A |
Volume | |
Open interest | 141 |
Nucor (NUE) expects second-quarter earnings to decline sequentially and has returned over $1.76 billion to stockholders so far in 2024.
Financial forecasts from Steel Dynamics, United States Steel, and Nucor show weakening profitability for U.S. producers of the metal.
Nucor Corporation (NYSE:NUE) announced its second-quarter outlook on Friday but it failed to uplift investor sentiment. The steel maker cautioned that it expects earnings of $2.20 to $2.30 per diluted share, significantly lower than $5.81 in the year-ago period. The earnings expectations fell short of the $2.99 consensus. Lower average selling prices and lackluster volumes at the steel mills segment are driving the expected decrease in earnings. In addition, the steel products segment also bears