Nucor Reports Results for Second Quarter of 2019
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Nucor (NUE) Misses Q2 EPS by 6c, Revenues Miss
July 18, 2019 8:02 AM EDTNucor (NYSE: NUE) reported Q2 EPS of $1.26, $0.06 worse than the analyst estimate of $1.32. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $6.02 billion.
"Unusually wet weather and aggressive supply chain destocking impacted mill order rates in the first half of 2019. We have seen lower volumes during the first half of this year resulting in a more challenging price environment," said John Ferriola, Nucor's Chairman, Chief Executive Officer and President.... More
