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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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July 16, 2014
07:44 EDTNUESenate Appropriations Committee to hold a hearing
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July 10, 2014
08:35 EDTNUEBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.

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