Nucor (NUE) Q4 EPS Guidance Tops Consensus

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Go back to Nucor (NUE) Q4 EPS Guidance Tops Consensus

Nucor Announces Guidance for Fourth Quarter of 2020 Earnings

December 17, 2020 8:45 AM EST

CHARLOTTE, N.C., Dec. 17, 2020 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its fourth quarter ending December 31, 2020. Nucor expects fourth quarter earnings to be in the range of $1.15 to $1.20 per diluted share. Third quarter of 2020 earnings were $0.63 per diluted share and fourth quarter of 2019 earnings were $0.35 per diluted share.

Expected fourth quarter of 2020 earnings include a net benefit totaling $39.7 million, or $0.13 per diluted share, related to state tax credits. Included in earnings for the third quarter of 2020 was a restructuring charge of $16.4 million, or $0.04 per diluted share,... More