05:48 PM EST, 12/16/2024 (MT Newswires) -- Nucor ( NUE ) said late Monday that Q4 earnings will likely be $0.55 to $0.65 per diluted share, down from $3.16 a year earlier, on "decreased earnings of the steel mills segment caused by decreased volumes and lower average selling prices."

Analysts polled by Factset expect $0.89.

Nucor ( NUE ) reported Q3 net earnings of $1.05 a share on Oct. 21 and forecast Q4 earnings would drop sequentially.

Shares of the company fell 1.1% in after-hours activity.

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