Nucor Stock Drops On Q4 Earnings Miss Despite Signaling Improvement In Q1

Nucor Corp (NYSE:NUE) reported financial results for the fourth quarter after the market close on Monday. Here’s a rundown of the steelmaker’s report.

Nucor stock is trending. What’s next for NUE shares?

Nucor Misses Analyst Estimates In Q4

Nucor reported fourth-quarter revenue of $7.69 billion, missing analyst estimates of $7.87 billion, according to Benzinga Pro. The company reported earnings of $1.64 per share for the fourth quarter, missing estimates of $1.99 per share.

Steel mills segment earnings decreased due to lower volumes and margin compression, primarily in sheet. Steel products segment earnings fell on lower volumes and higher average costs per ton, ...