Nucor Expects Q4 2024 EPS To Decline To $1.05 Amid Decreased Steel Mills Segment Earnings
Portfolio Pulse from Benzinga Newsdesk
Nucor anticipates a decline in its Q4 2024 earnings per share to $1.05, primarily due to decreased earnings in its steel mills segment.
October 21, 2024 | 8:36 pm
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Nucor expects its Q4 2024 EPS to fall to $1.05, driven by lower earnings in the steel mills segment. This could negatively impact investor sentiment and the stock price in the short term.
The announcement of a projected decline in EPS to $1.05, attributed to decreased earnings in the steel mills segment, is likely to negatively affect investor sentiment. This could lead to a short-term decline in Nucor's stock price as investors react to the anticipated lower profitability.
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