Nucor Expects Record Earnings Through Year-End as Steel Rallies
This article is for subscribers only.
Nucor Corp., buoyed by this year’s unprecedented steel rally, said it expects a trend of record earnings to carry through the fourth quarter as demand for the metal continues to surge.
The Charlotte-based company forecast third-quarter earnings of between $7.30 to $7.40, higher than the $7.16 per share average estimate among analysts.