Nucor's stock falls after steelmaker issues profit warning, citing ...

Sep 17, 2024 · Shares of Nucor Corp. slumped in early Tuesday trading after the steelmaker warned investors of a third-quarter profit shortfall, as lower selling prices weighed on its steel …

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Nucor Loses 24% In 6 Months: Should You Buy, Sell Or Hold The …

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Sep 27, 2024 · Lower Steel Prices Weigh on NUE’s Prospects Nucor is buffeted by the significant downward correction in steel prices this year, which has largely contributed to the downward …

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Nucor Warns Of Big Hit To 4Q Earnings From Lower Steel Prices

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Dec 16, 2024 · The Charlotte, N.C.-based steelmaker on Monday guided for fourth-quarter earnings of 55 cents to 65 cents, significantly down from earnings of $3.16 a year earlier and …

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Nucor Says Earnings Will Drop From Lower Steel Prices - MSN

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Steel Dynamics expects third-quarter earnings between $1.94 a share to $1.98 a share, which was lower than Wall Street expectations of $2.18 a share and a drop from the prior year …

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Steel Dynamics Can't Buck Trend After NUE, CLF Trip Sell Signals

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Apr 24, 2024 · Both stocks tripped sell signals Tuesday with a sharp drop below their 50-day moving average in heavy volume. STLD surged at the open but reversed lower, falling 3.2% to …

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Nucor Warns Of Big Profit Decline In Q3 As Steel Prices Drop ...

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Sep 17, 2024 · The steelmaker also said in its third-quarter outlook at the time that lower selling prices would lead to weaker Q3 numbers. As of 3:15 p.m., Nucor's stock was down 0.36%, or …

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Nucor Warns Of Big Profit Decline In Q3 As Steel Prices Drop - Triad ...

2 weeks from now

Sep 18, 2024 · The steelmaker also said in its third-quarter outlook at the time that lower selling prices would lead to weaker Q3 numbers. As of 3:15 p.m., Nucor's stock was down 0.36%, or …

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Nucor Corporation (LON: 0K9L) Stock Price & Overview - Stock …

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6 days ago · Here's How Much You Would Have Made Owning Nucor Stock In The Last 5 Years. Nucor (NYSE: NUE) has outperformed the market over the past 5 years by 2.55% on an …

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FAQs about Nucor's stock falls after steelmaker issues profit warning, citing ... Coupon?

Will lower steel selling prices hurt Nucor?

Lower steel selling prices are expected to hurt Nucor’s performance in the third quarter of 2024. NUE expects the anticipated reduction in average selling prices across its steel mills and steel products segments to result in lower sequential earnings in the third quarter. ...

Why is Nucor a hamstrung stock?

Nucor, like most U.S. steel producers, is hamstrung by the significant downward correction in steel prices this year, which has largely contributed to the downward slide in the stock. U.S. steel prices have seen a sharp decline this year due to a slowdown in end-market demand after a strong run in late 2023 that extended into early 2024. ...

Why did Nucor expect a big drop in earnings in Q4?

By Sabela Ojea Nucor warned about expecting a big drop in earnings in the fourth quarter as a result of a continuing decline in steel volumes and average selling prices. ...

Is Nucor's earnings forecast below $2 68 per share?

The projection is also well below its earnings of $2.68 per share last quarter. "The steel products segment is expected to have decreased earnings in the third quarter of 2024 as compared to the second quarter of 2024 due to lower average selling prices and lower volumes," Nucor said in its new guidance. ...

Is Nucor predicting a sharp profit decline in 3rd quarter?

Nucor has issued guidance that warns of a sharp profit decline in the third quarter due to falling steel prices. Nucor Corp. (NYSE: NUE) is expecting a significant year-over-year profit decline on its upcoming third-quarter earnings report. ...

Why did Nucor lose 80% in third-quarter profit?

Charlotte, N.C.-based Nucor NUE 0.37% said Tuesday that lower demand for steel in a weakening manufacturing sector and falling sales of its steel construction materials would result in a roughly 80% decline in third-quarter profit, including one-time charges, from the same quarter last year. ...