Nucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides

Benzinga12-17

Nucor Corporation (NYSE:NUE) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86. The primary ...

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On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86.\nThe primary ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nucors-q4-guidance-misses-mark-134645719.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nucors-q4-guidance-misses-mark-134645719.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nucor Corporation (NYSE:NUE) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86.\nThe primary ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nucors-q4-guidance-misses-mark-134645719.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://finance.yahoo.com/news/nucors-q4-guidance-misses-mark-134645719.html","article_id":"2492957221","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/nCyNVFSaAEK6hBOTVJ3LKA--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/6d40c2d4cac138f76bd4469747a53c79"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492957221","pubTimestamp":1734443205,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nucor Corporation  shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86.The primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices.The company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to see an increase in earnings, excluding the impairment charge from the third quarter of 2024.Nucor reported net earnings of$1.05per share in thethird quarterof 2024 and$3.16per share in thefourth quarterof 2023.Notably, during the third-quarter earnings release, Nucor stated that it expects the fourth quarterearnings per share to decrease compared to $1.05reported for thethird quarter amid decreased steel mill segment earnings caused by lower average selling prices and decreased volumes.In the fourth quarte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4006":"钢铁","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","NUE":"纽柯钢铁","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0075056555.USD":"贝莱德世界矿业基金A2"},"translate_title":"受钢铁行业放缓影响，纽柯钢铁第四季度指引未达预期；库存幻灯片","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NUE":1},"content_text":"Nucor Corporation (NYSE:NUE) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86.\nThe primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices.\nThe company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to see an increase in earnings, excluding the impairment charge from the third quarter of 2024.\nNucor reported net earnings of $1.05 per share in the third quarter of 2024 and $3.16 per share in the fourth quarter of 2023.\nNotably, during the third-quarter earnings release, Nucor stated that it expects the fourth quarter earnings per share to decrease compared to $1.05 reported for the third quarter amid decreased steel mill segment earnings caused by lower average selling prices and decreased volumes.\nIn the fourth quarter, Nucor repurchased around 2.1 million shares at an average price of $149.81 per share, bringing the total year-to-date repurchases to 13.1 million shares at an average price of $168.75 per share.\nNucor has returned over $2.73 billion to stockholders through share repurchases and dividend payments so far this year.\nIn October, the company reported quarterly adjusted earnings of $1.49 per share, which beat the analyst consensus estimate of $1.47 and revenue of $7.44 billion, which beat the analyst consensus estimate of $7.28 billion.\nNucor plans to release its fourth-quarter results on Monday, January 27, 2025.\nInvestors can gain exposure to the stock via VanEck Steel ETF (NYSE:SLX) and First Trust Materials AlphaDEX Fund (NYSE:FXZ).\nPrice Action: NUE shares are down 1.51% at $122.29 premarket at the last check Tuesday.\nRead Next:\n\nMission Accomplished: Lockheed Martin’s GPS III SV07 Successfully Deployed\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nNUCOR (NUE): Free Stock Analysis Report\n\nThis article Nucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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