Steel Stocks Mixed Following Earnings Beat From Nucor, Carpenter Technology

Stocks in the steel sector were trending higher on Thursday, possibly due to the earnings beat of Carpenter Technology Corporation CRS.

Carpenter reported EPS of $0.20 per share, beating estimates by 25 percent or $0.04 per share.

Steel stocks that moved higher on the earnings beat:

Carpenter Technology Corporation up 13 percent
United States Steel Corporation X up 4.3 percent.
Timkensteel Corp (NYSE TMST) up 2.8 percent.
Commercial Metals Company CMC up 1.9 percent.

On the other hand, Nucor Corporation NUE was down 1.1 percent, despite beating earnings estimates Thursday.

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Posted In: EarningsNewsAfter-Hours CenterMovers
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