Nucor forecasts lower-than-expected fourth-quarter profit-March 2024-www.financetom.com

Nucor forecasts lower-than-expected fourth-quarter profit

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Nucor forecasts lower-than-expected fourth-quarter profit

Dec 16, 2024 2:59 PM

(Reuters) - U.S. steelmaker Nucor ( NUE ) forecast fourth-quarter profit below Wall Street estimates on Monday, citing a slump in earnings in their steel mills segment caused by decreased volumes and lower average selling prices.

The company expects fourth-quarter earnings to be in a range of $0.55 to $0.65 per diluted share, lower than analysts' estimates of $0.90 per share, according to data compiled by LSEG.

However, it expects earnings in its raw materials segment to increase year-over-year in the fourth quarter.

Peer Steel Dynamics ( STLD ) also forecast its fourth-quarter earnings below Wall Street estimates on Monday as the Indiana-based company sees lower realized steel prices and fall in shipments.

Previous page： Blackstone raises Hipgnosis offer by a cent Next page： ServiceNow Insider Sold Shares Worth $1,381,980, According to a Recent SEC Filing

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Blackstone raises Hipgnosis offer by a cent

Jun 3, 2024

(Reuters) - Blackstone on Monday raised its offer for Hipgnosis Songs Fund ( HPGSF ) by a cent to $1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at $1.58 billion. The revised offer in part reflects Hipgnosis incurring lower adviser fees in respect of the transaction than previously expected, the...

ServiceNow Insider Sold Shares Worth $1,381,980, According to a Recent SEC Filing

Jun 3, 2024

04:00 AM EDT, 06/03/2024 (MT Newswires) -- Nicholas Tzitzon, Chief Strategy and Corporate Affairs Officer, on May 30, 2024, sold 2,000 shares in ServiceNow ( NOW ) for $1,381,980. Following the Form 4 filing with the SEC, Tzitzon has control over a total of 3,649 shares of the company, with 3,649 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1373715/000137371524000256/xslF345X03/wk-form4_1717185961.xml ...

Norfolk Southern Insider Bought Shares Worth $1,248,650, According to a Recent SEC Filing

Jun 3, 2024

04:01 AM EDT, 06/03/2024 (MT Newswires) -- Claude Mongeau, Director, on May 29, 2024, executed a purchase for 5,650 shares in Norfolk Southern ( NSC ) for $1,248,650. Following the Form 4 filing with the SEC, Mongeau has control over a total of 20,000 shares of the company, with 20,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/702165/000122520824006483/xslF345X03/doc4.xml Price: 224.82, Change: +0.02, Percent...

Skyworks Solutions Insider Sold Shares Worth $2,295,837, According to a Recent SEC Filing

Jun 3, 2024

04:02 AM EDT, 06/03/2024 (MT Newswires) -- Robert A Schriesheim, Director, on May 30, 2024, sold 25,433 shares in Skyworks Solutions ( SWKS ) for $2,295,837. Following the Form 4 filing with the SEC, Schriesheim has control over a total of 60,881 shares of the company, with 60,881 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/4127/000000412724000057/xslF345X03/wk-form4_1717186059.xml Price: 92.20, Change: -0.46, Percent Change:...