Nucor Q3 2024 Adj EPS $1.49 Beats $1.47 Estimate, Sales $7.44B Beat $7.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nucor (NYSE:NUE) reported Q3 2024 earnings per share of $1.49, surpassing the analyst estimate of $1.47. The company's sales were $7.44 billion, exceeding the expected $7.28 billion, despite a 15.22% decrease from the previous year.
October 21, 2024 | 8:31 pm
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Nucor's Q3 2024 earnings per share of $1.49 exceeded expectations, as did its sales of $7.44 billion. However, sales decreased by 15.22% compared to the same period last year.
Nucor's earnings and sales both exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year sales decline may temper investor enthusiasm.
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