Nucor Corporation's Q3 earnings fell 15%, with lower steel prices and volumes causing the decline.
Nucor Corporation (NUE) reported a decline in third-quarter earnings, with adjusted earnings at $1.49 per share, surpassing estimates but down from the previous year. Revenue fell 15% to $7.44 billion compared to Q3 2023. Factors contributing to this decline included lower sales prices and volumes in the steel mill segment. Following the announcement, Nucor's shares dropped 2.82% to $151.70, with expectations for fourth-quarter earnings around $1.05 per share.
October 21, 2024
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