Nucor Projects Q3 Earnings to Decline on Lower Steel Prices
NUENucor(NUE) ZACKS·2024-09-19 02:56

Nucor Corporation (NUE) issued guidance for the third quarter of 2024. The company expects earnings per share (EPS) to range between 87 cents and 97 cents. After accounting for certain one time non-cash charges totaling approximately 43 cents per share, the adjusted EPS is projected to be between 1.30and1.30 and 1.40. This marks a notable decline compared with EPS of 2.68insecondquarter2024and2.68 in second-quarter 2024 and 4.57 in third-quarter 2023.The non-adjusted earnings guidance for third-quarter 2024 includes estimated one time ...