16
Dec
17:55
Nucor expects earnings to dip hard in Q4
Nucor expects its fourth quarter earnings to be less than a third of its Q3 and Q4 2014 earnings, Kallanish learns from company guidance.
In the quarter ending 31 December, Nucor predicts its net earnings will be $0.15-0.20/diluted share. By comparison, the company earned $0.71/diluted share, or $227.1 million, in Q3 2015 and $0.65/diluted share, or $210.4 million, in Q4 2014.
The drop is largely due to diminished margins and import pressure, Nucor says.
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Anonymous
Very good overview of the weekly steel market.
Anonymous