Nucor Beats On Bottom Line In 1Q
Steelmaker Nucor Corporation (NYSE:NUE) reported adjusted (excluding special items) earnings of 42 cents per share in the first quarter of 2012, above the Zacks Consensus Estimate of 40 cents and its own expectation of 30 to 35 cents. However, profit (as reported) dipped roughly 9% year over year to $145.1 million (or 46 cents a [...]
Steelmaker Nucor Corporation (NYSE:NUE) reported adjusted (excluding special items) earnings of 42 cents per share in the first quarter of 2012, above the Zacks Consensus Estimate of 40 cents and its own expectation of 30 to 35 cents.
However, profit (as reported) dipped roughly 9% year over year to $145.1 million (or 46 cents a share) from $159.8 million or 50 cents per share reported a year ago.
Nucor’s consolidated net sales increased 5% year over year to $5.07 billion in the quarter. The jump … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards