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Nucor Issues Q1 Earnings Guidance

Nucor Corporation (NUE) said it expects first quarter of 2023 earnings to be in the range of $3.70 to $3.80 per share. The company reported net earnings of $7.67 per share in the first quarter of prior year.

Analysts polled by Thomson Reuters expect the company to report profit per share of $3.84. Analysts' estimates typically exclude special items.

The company has repurchased approximately 2.0 million shares at an average price of $158.57 per share during the first quarter.

Shares of Nucor Corporation are down 0.5% in pre-market trade on Thursday.

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