logo
Share SHARE
FONT-SIZE Plus   Neg

Nucor Posts Lower Q1 Profit - Quick Facts

Nucor Corp. (NUE) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT