Nucor Corp. Issues Q4 Earnings Guidance

Nucor Corp. (NUE) said it expects fourth-quarter earnings to be in the range of $4.25 to $4.35 per share. Included in the expected earnings range is an approximately $58 million net benefit, or $0.22 per share, related to state tax credits. In the fourth quarter of prior year, net earnings was $7.97 per share.

Analysts polled by Thomson Reuters expect the company to report profit per share of $4.41. Analysts' estimates typically exclude special items.

Nucor Corp. said its full year earnings for 2022 remains on track to exceed the record of $23.16 per share the company set in 2021.

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