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Nucor Corp (NYSE:NUE) reported financial results for the first quarter on Monday after the close. Here’s a rundown of the steelmaker’s report.
- Nucor stock is challenging resistance. What’s behind NUE new highs?
Nucor Q1 Highlights
Nucor reported first-quarter revenue of $9.50 billion, beating analyst estimates of $8.88 billion, according to Benzinga Pro. The company reported earnings of $3.23 per share for the quarter, beating estimates of $2.80 per share.
Steel mills segment earnings increased due to higher average selling prices and volumes across all product groups. Steel products segment earnings rose on increased volumes and stable average realized pricing, and the raw materials segment increased due to higher average selling prices and volumes.
“All three of our operating segments reported sequential …
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