Despite earnings miss, Nucor CEO is confident this year will be a success [CNBC]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: CNBC
maker is on the right track despite earnings that fell short of expectations and weak guidance for the next quarter. “I'm comfortable with where we're at—while prices have moderated some, we're seeing some strength as we look towards the back half of the year,” Topalian said. “From a volume standpoint, pricing's a little bit softer, it's moderated, but, again, this is not time to throw the baby out with the bathwater. We still think 2024 will be a very good year for Nucor.” Nucor released its quarterly report Monday evening and by Tuesday's close, shares had declined more than 8%. The company said it expects its steel products segment to have “moderately decreased earnings” in the second quarter compared to the first due to “lower average selling prices, partially offset by increased volumes.” Topalian conceded that the second quarter would be “a little bit lower,” but insisted that steel products has been “one of our strongest, most resilient, robust performers.” And according
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News
- Increases to Nucor Corporation's (NYSE:NUE) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 5/3/24 - Form 4
- 4/30/24 - Form 3
- 4/22/24 - Form 8-K
- NUE's page on the SEC website