Nucor (NUE) Tops Q1 Earnings & Revenue Estimates, View Solid
Zacks Investment Research | Apr 19, 2018 01:10AM ET
Nucor Corporation (NYSE:NUE) saw lower profits (on a reported basis) year over year in first-quarter 2018. The steel giant logged net earnings of $354.2 million or $1.10 per share compared with $356.9 million or $1.11 per share registered a year ago.
Barring one-time items, earnings per share for the reported quarter came in at $1.17, which surpassed the Zacks Consensus Estimate of $1.10.
Nucor reported revenues of $5,568.4 million, up roughly 15.6% year over year from $4,815.2 million. The figure surpassed the Zacks Consensus Estimate of $5,541.6 million.
Nucor Corporation Price, Consensus and EPS Surprise
industry ’s 7.9% decline.
Zacks Rank & Other Stocks to Consider
Nucor currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the basic materials space are Steel Dynamics, Inc. (NASDAQ:STLD) , United States Steel Corp. (NYSE:X) and CF Industries Holdings, Inc. (NYSE:CF) , each sporting a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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