Categories AlphaGraphs, Earnings, Industrials
Infographic: Nucor Corporation (NUE) Q3 2023 earnings and sales decline
Steel manufacturer Nucor Corporation (NYSE: NUE) reported lower sales and net profit for the third quarter of 2023. The company also provided guidance for the fourth quarter.
Third-quarter 2023 net profit declined sharply to $1.14 billion or $4.57 per share from $1.69 billion or $6.50 per share in the corresponding period of last year.
The bottom line was negatively impacted by a 16% fall in net sales to $8.78 billion. Total shipments decreased 2% year-over-year to 5.75 million tons, hurt mainly by an 8% fall in bars shipments.
The company said it expects fourth-quarter 2023 earnings to decrease compared to the third quarter due primarily to lower pricing across all three operating segments, and, to a lesser extent, decreased volumes.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its
