Nucor Q3 EPS $4.57, Sales $8.78B Beat $8.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nucor (NYSE:NUE) reported Q3 earnings of $4.57 per share, beating the analyst consensus estimate of $4.25 by 7.53%. However, this is a 29.69% decrease from the same period last year. The company also reported quarterly sales of $8.78 billion, surpassing the analyst consensus estimate of $8.31 billion by 5.66%, but marking a 16.39% decrease from the same period last year.
October 23, 2023 | 8:38 pm
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NEUTRAL IMPACT
Nucor's Q3 earnings and sales beat analyst estimates but are down from the same period last year.
While Nucor beat analyst estimates for Q3 earnings and sales, the decrease from the same period last year could potentially impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100