Nucor (NUE) Beats Earnings And Revenue Estimates In Q1
Zacks Investment Research | Apr 23, 2019 03:57AM ET
Nucor Corporation (NYSE:NUE) registered higher profits in first-quarter 2019. The steel giant delivered net earnings of $501.8 million or $1.63 per share, up from $354.2 million or $1.10 in the year-ago quarter.
Barring one-time items, adjusted earnings per share came in at $1.55, which beat the Zacks Consensus Estimate of $1.50.
Nucor recorded net sales of $6,096.6 million, up roughly 9.5% year over year. The figure also outpaced the Zacks Consensus Estimate of $6,034.1 million.
Nucor Corporation Price, Consensus and EPS Surprise
industry ’s 27.1% decline.
Zacks Rank & Key Picks
Nucor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Sandstorm Gold Ltd. (NYSE:SAND) , Innospec Inc. (NASDAQ:IOSP) and Fortescue Metals Group Ltd. (OTC:FSUGY) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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