Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Nucor Posts Lower Q1 Profit - Quick Facts

RELATED NEWS
Trade NUE now with 

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

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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.