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Stock Market & Financial Investment News

News Breaks
March 18, 2014
09:05 EDTNUENucor sees Q1 EPS 30c-35c, consensus 49c
The larger factor impacting Q1 was severe weather conditions, which has disrupted customer demand, decreased the amount of railcar availability and has exacerbated conditions in the seasonally weaker performance of our fabricated construction products businesses. Additionally, import levels have continued to negatively impact pricing and margins at our bar and sheet mills. Looking forward, we continue to see small but noticeable improvements in the nonresidential construction markets. Projected first quarter results include an estimated LIFO charge of $14.5M, or 3c per diluted share, compared to a charge of $17.4M, or 4c per diluted share, in Q4 and a charge of $18M, or 3c per diluted share, in 1Q13. Also included in the projected Q1 results is an estimated $9M charge, or 2c per diluted share, related to the disposal of assets within the steel mills segment. Earnings in Q4 included an out-of-period non-cash gain of $21.3M, or 7c per diluted share, related to a correction to a deferred tax balance.
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December 16, 2014
09:08 EDTNUENucor sees Q4 EPS 50c-55c, consensus 65c
Nucor noted that its Q4 range is comparable to 4Q13 earnings of 53c per diluted share and a decrease from the Q3 earnings of 76c per diluted share, stating that the qualitative guidance presented in its Q3 earnings release and conference call was, "We currently expect to see a moderate decrease in earnings for the fourth quarter of 2014."

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