Nucor Q4 2023 GAAP EPS $3.16 Beats $2.83 Estimate
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation (NYSE:NUE) reported Q4 2023 earnings per share (EPS) of $3.16, surpassing the consensus estimate of $2.83 by 11.66%. Quarterly sales were $7.70 billion, slightly above the expected $7.65 billion, but marked an 11.74% decrease from the same period last year.
January 29, 2024 | 9:31 pm
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Nucor exceeded Q4 EPS estimates and reported higher sales than expected, although there was a year-over-year decline in sales.
Beating EPS and sales estimates is a positive signal to investors and can lead to a short-term increase in stock price. However, the year-over-year decline in sales may temper some of the positive sentiment.
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