Nucor (NUE) Tops Q3 EPS by 4c

Nucor (NYSE: NUE) reported Q3 EPS of $2.39, $0.04 better than the analyst estimate of $2.35. Revenue for the quarter came in at $6.74 billion versus the consensus estimate of $6.63 billion.

• today announced third quarter of 2018 consolidated net earnings of $676.7 million, or $2.13 per diluted share. Included in the third quarter of 2018 earnings is a non-cash impairment charge of $110.0 million, or $0.26 per diluted share, related to our proved producing natural gas well assets.

Fourth Quarter of 2018 Outlook

Earnings in the fourth quarter of 2018 are expected to decrease across all three operating segments compared to the third quarter of 2018 (excluding the third quarter of 2018 impairment charge) due primarily to typical seasonality experienced in our fourth quarter. However, we expect the fourth quarter of 2018 to be another strong quarter as we believe earnings will be noticeably higher than those generated in the fourth quarter of 2017. We continue to believe there is sustainable strength in steel end use markets.

For earnings history and earnings-related data on Nucor (NUE) click here.

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