Nucor: Q2 Earnings Insights

Shares of Nucor NUE moved higher by 0.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 72.52% over the past year to $0.36, which beat the estimate of $0.13.

Revenue of $4,327,000,000 decreased by 26.61% year over year, which missed the estimate of $4,460,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 23, 2020

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/913/35658

Price Action

Company's 52-week high was at $58.70

Company's 52-week low was at $27.52

Price action over last quarter: down 0.49%

Company Overview

The largest steelmaker in the United States by production volume, Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets. Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.