Nucor Initiates Q4 EPS Guidance

MT Newswires Live12-17 20:54

Nucor (NUE) said Wednesday it initiated Q4 diluted EPS guidance of $1.65 to $1.75.

Analysts polled by FactSet expect $2.16.

Earnings in Q4 are expected to decline quarter over quarter, driven by seasonal effects and fewer shipping days in the quarter, Nucor said.

Nucor shares fell more than 2% in premarket trading.

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