Nucor (NUE) Projects Lower Q2 Earnings Amid Weaker Steel Prices
Nucor Corporation (NUE) has announced its guidance for the second quarter of 2024. The company expects earnings between 2.30 per share. This compares unfavorably with 5.81 in the second quarter of 2023.The primary factor behind the anticipated decrease is reduced earnings in the steel mills segment, mainly due to lower average selling prices and, to a lesser extent, lower volumes. The steel products segment is also expected to see decreased earnin ...