logo
Share SHARE
FONT-SIZE Plus   Neg

Nucor Posts Lower Q1 Profit - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015. Diversified electronics maker TE Connectivity Ltd. is nearing a deal to sell its network solutions business unit to CommScope Holding Co., Inc. (COMM) in a deal valued at about $3 billion, according a Wall Street Journal report on Monday. A deal could be announced as early as this week. There has... The video game industry waltzed through 2014 with a record $24 billion in acquisitions and IPOs, says advisory firm Digi-Capital. The frenzied activity in the industry came as companies vied to get hold of game titles that could tilt the scale in their favor, and the need to shore up investment in infrastructure and marketing.
comments powered by Disqus
RELATED NEWS
Trade NUE now with 
Follow RTT