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
Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending June 29, 2024. Nucor expects second quarter earnings to be in the range of $2.20 to $2.30 per diluted share. Nucor reported net earnings of $3.46 per diluted share in the first quarter of 2024 and $5.81 per diluted share in the second quarter of 2023.
It is hard to get excited after looking at Nucor's (NYSE:NUE) recent performance, when its stock has declined 15% over...