Nucor Q2 2024 Adj EPS $2.68 Beats $2.35 Estimate, Sales $8.08B Beat $7.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nucor (NYSE:NUE) reported Q2 2024 adjusted EPS of $2.68, beating the estimate of $2.35. Sales were $8.08 billion, surpassing the $7.69 billion estimate. However, sales decreased by 15.15% compared to the same period last year.
July 22, 2024 | 8:32 pm
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Nucor's Q2 2024 earnings and sales both beat analyst estimates, with EPS at $2.68 vs. $2.35 expected and sales at $8.08B vs. $7.69B expected. However, sales decreased by 15.15% year-over-year.
Nucor's better-than-expected EPS and sales figures are positive indicators for the stock in the short term. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100