Nucor Q2 EPS $5.81 Beats $5.53 Estimate, Sales $9.52B Miss $9.62B Estimate
Portfolio Pulse from Bill Haddad
Nucor (NYSE:NUE) reported Q2 earnings of $5.81 per share, beating the analyst consensus estimate of $5.53 by 5.06%. However, this is a 39.92% decrease from the same period last year. The company's quarterly sales were $9.52 billion, missing the analyst consensus estimate of $9.62 billion by 1.01%, and marking a 19.26% decrease from the same period last year.
July 24, 2023 | 8:32 pm
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Nucor's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Nucor's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the stock price negatively in the short term.
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