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CHARLOTTE, N.C. , July 22, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer.
Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt Nucor's (NUE) second-quarter results.
Nucor Corporation faces macroeconomic challenges with declining steel prices, offsetting with higher volumes, leading to tighter margins and potentially increased costs. Nucor acquires SWDP for $115mm, creating Nucor Data Systems for data center infrastructure, expanding presence in AI factory buildout. Legislation like the IRA, Infrastructure Bill, and CHIPS Act may provide relief for Nucor, but macroeconomic headwinds pose challenges.
Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When a stock falls toward 52-week lows, it generally means that investors have soured on the shares. Stanley Black & Decker is in the middle of a business turnaround, but it is achieving success.
CHARLOTTE, N.C. , July 9, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer.
Bloomberg's “Odd Lots” podcast recently discussed with energy investor John Arnold why it's so difficult to build products in America. The discussion got me thinking about American manufacturing stocks.
Nucor (NUE) expects second-quarter earnings to decline sequentially and has returned over $1.76 billion to stockholders so far in 2024.
CNBC's Seema Mody reports on news from Nucor.
Shares of Nucor Corp. NUE, -0.21% dropped 2% toward a 7 1/2-month low in premarket trading Friday, and a sixth straight loss, after the steel and steel products maker warned of a second-quarter earnings shortfall, citing weakness at its steel mills business. The company said it expects earnings per share for the current quarter of $2.20 to $2.30, down from $5.81 in the same period a year ago, and well below the current FactSet EPS consensus of $3.00.