US Steel a big winner after tariffs boost prices [MSN Money]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: MSN Money
© Photo Illustration: Shutterstock/CNNMoney Tariffs on imported steel lifted prices and operating profit for US Steel, and the company predicted even better times lay ahead. Load Error The nation's oldest steelmaker reported its second quarter operating profit rose 38%, and it raised its full-year profit guidance -- it now expects profit for the full year to more than triple. Prices of its US-made steel rose 5% to 10% in the quarter, and shipments increased revenue by 15%. The company said it expects its steel tube business will become profitable in the second half of the year as prices continue to rise. In February the Trump administration announced tariffs of 25% on most imported steel and 10% on aluminum imports. Although the tariffs were particularly aimed at combating low-priced steel from China flooding the global market, they have also been imposed on imports from leading US trading partners such as Canada, Mexico and Europe . Reduced competiti
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NUE
News
- 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
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 4/22/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- NUE's page on the SEC website