Nucor Reports Results for First Quarter of 2020 and Provides Update on COVID-19 Impacts
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Nucor (NUE) Reports Q1 EPS of $0.07
April 28, 2020 8:02 AM EDTNucor (NYSE: NUE) reported Q1 EPS of $0.07, may not compare to analyst estimate of $0.95. Revenue for the quarter came in at $5.62 billion versus the consensus estimate of $5.38 billion.
Outlook:
The COVID-19 pandemic's impact on market conditions has been varied across our different product groups. While the automotive and energy markets have seen the sharpest decline, nonresidential construction, which is our largest end market, has shown resiliency moving through this pandemic. Where we have seen impact on nonresidential construction activity, the sentiment is projects would be delayed... More
