Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Nucor Posts Lower Q1 Profit - Quick Facts

RELATED NEWS
Trade NUE now with 
4/19/2012 9:09 AM ET

Nucor Corp. (NUE: Quote) reported a drop in its first-quarter net earnings to $145.1 million, or $0.46 per share from $159.8 million, or $0.50 per share in the prior year. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.39 for the quarter. Analysts' estimates typically exclude one-time items.

However, Nucor's consolidated net sales went up 5% to $5.07 billion from $4.83 billion in the 2011 first quarter, due to a 6% rise in average sales price per ton partially offset by a 1% decline in total tons shipped to outside customers. Analysts estimated revenues of $5.05 billion for the quarter.

Click here to receive FREE breaking news email alerts for Nucor Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 25 basis points, to 3.00 percent from 2.75 percent. The decision was in line with expectations, and it marks the second straight month with a rate hike following 24 straight meetings in which the rate was not changed. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.