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Stock Market & Financial Investment News

News Breaks
June 20, 2014
09:03 EDTNUENucor sees Q2 EPS 35c-40c, consensus 62c
The performance of raw materials segment includes an anticipated operating loss of 6c at new direct reduced iron plant in St. James Parish, Louisiana. The Louisiana DRI plant has continued to exceed volume expectations while producing excellent quality DRI units; however, yield loss remains higher than desired. Nucor expects significant improvements in the performance of the Louisiana DRI facility in the third quarter, with profitable performance anticipated by the end of the year. Overall operating performance at steel mills segment is expected to be slightly improved compared to the first quarter of 2014, as improvements in sheet and plate profitability are partially offset by lower profitability in structural steel. In June, Nucor-Yamato Steel is undergoing a planned three week outage associated with our $115M sheet piling capital project. This planned outage will result in lower shipments for structural steel. Import levels continue to negatively impact pricing and margins, particularly at our bar and sheet mills.
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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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