19
Jul
21:55
Nucor surprises Wall Street, meets market expectations
Nucor's record-setting second-quarter profits may have surprised analysts, but market sources viewed them as the dividends of good planning and a favourable steel environment, Kallanish reports.
Nucor recorded a Q2 profit of $683.2 million, or $2.13 per share - the company's highest Q2 profit ever. The majority of Wall Street analysts predicted earnings of about $1.89 per share in the weeks leading up to Nucor's announcement.
One buy-side source s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous