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Nucor Rises 1.7% Ahead of October Earnings Report
The steelmaker outpaced major U.S. indexes in the session as analysts forecast higher earnings and revenue for its upcoming report.
Key takeaways
- Nucor gained 1.7%, compared with a 0.6% rise for the S&P 500.
- Analysts expect Nucor to report earnings of $5.85 per share on October 26.
Nucor shares rose 1.7% to $250.33 in the latest session, beating the S&P 500’s 0.6% gain. The Dow rose 0.83%, while the Nasdaq added 0.64%.
Investors are looking ahead to Nucor’s earnings report, scheduled for October 26. Zacks consensus estimates project earnings of $5.85 per share and revenue of $10.53 billion for the quarter.
For the full year, Zacks consensus estimates call for earnings of $18.89 per share and revenue of $40.57 billion.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
