Nucor (NUE) Guides Q1 EPS Below Consensus

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Nucor Announces Guidance for First Quarter of 2019 Earnings

March 15, 2019 9:00 AM EDT

CHARLOTTE, N.C., March 15, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending March 30, 2019. Nucor expects first quarter earnings to be in the range of $1.45 to $1.50 per diluted share. This range is a decrease compared to fourth quarter of 2018 earnings of $2.07 per diluted share and an increase relative to first quarter of 2018 earnings of $1.10 per diluted share.

Included in the first quarter of 2018 results was an expense of $21.8 million, or $0.07 per diluted share, related to the write off of deferred tax... More