WASHINGTON (dpa-AFX) - Nucor Corporation (NUE), a steelmaker, on Wednesday announced that it expects a decline in earnings for the second quarter, but above analysts' forecast, amidst higher selling prices and volumes.
For the three-month period to July 5, the company expects to report earnings of $2.55 to $2.65 per share. On average, five analysts polled project the firm to earn $2.36 per share for the quarter. Analysts' estimates typically exclude special items.
For the second quarter of 2024, the steelmaker had registered earnings of $2.68 per share.
For the first quarter of 2025, Nucor had posted earnings of $0.67 per share.
NUE was up by 2.95% at $125.85 in the pre-market trade on the New York Stock Exchange.
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