Nucor Sees Q3 2024 Earnings To Decrease Compared To Q2 2024
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation expects its Q3 2024 earnings to decrease compared to Q2 2024, driven by lower average selling prices in its steel mills, steel products, and raw materials segments.

July 22, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nucor Corporation expects a decrease in Q3 2024 earnings compared to Q2 2024, driven by lower average selling prices in its steel mills, steel products, and raw materials segments.
The anticipated decrease in earnings is primarily due to lower average selling prices in Nucor's key segments: steel mills, steel products, and raw materials. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100