Nucor Stock Falls After Q3 Results, Weak Q4 EPS Guidance: Details

Nucor Corp (NYSE:NUE) shares are trading lower after the company reported its third-quarter financial results and announced it expects its fourth-quarter earnings to decline to $1.05.

Here's a look at the details from the report. 

The Details: Nucor reported quarterly earnings of $1.49 per share, which beat the analyst consensus estimate of $1.47. Quarterly revenue came in at $7.44 billion, which beat the analyst consensus estimate of $7.28 and is a decrease from sales of $8.78 billion from the same period last year.

Average sales price per ton in the third quarter decreased 6% compared with the second quarter of 2024 and decreased by 15% compared with the third quarter of 2023. 

A total of approximately 6.196 million tons were shipped to outside customers ...