Nucor (NYSE:NUE) reported its Q3 earnings results on Thursday, October 21, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Nucor beat their estimated earnings by 1.25%, which did not surprise analysts.

Revenue was up $5,385,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.41, which was followed by a 0.51% increase in the share price the next day.

Here's a look at Nucor's past performance and the resulting price change:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Nucor management provided guidance for their next quarter, expecting earnings between $7.3 and $7.4 per share for the nextquarter.

This represents a 0.96% in quarter-over-quarter growth for Nucor, a bullish signal to many investors.

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