Nucor Corporation (NUE) stock prices updated...
 

Nucor Corporation stock price

Nucor Corporation latest news:


  • 09/15/2017 07:27:15

    Nucor's stock falls after profit warning

    Nucor Corp.'s stock dropped 1.0% in premarket trade Friday, after the steel maker lowered its profit outlook for the third quarter, citing continued import pressure and unplanned outages, as well as "tepid" demand in plate end use markets. The company expects earnings per share for the current quarter of 70 cents to 80 cents, down from $1.00 in the second quarter and below previous guidance that EPS was expected to be "similar" to the first half of the year. The FactSet EPS consensus was $1.04. Nucor said finished steel imports, which accounts for about a 28% share of the U.S. market, has not allowed pricing to keep pace with increasing raw material costs. The company said Nucor Steel Louisiana experienced an unplanned production halt in late July to make repairs to its materials handling systems, and isn't expected to resume operation until early October. The stock had shed 1.2% over the past three months, while the S&P 500 had gained 2.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • More trends:

    Nustar Energy L.P.NS | Nustar GP HoldingsNSH | NuStar LogisticsNSS | Nuveen All Cap Energy MLP Opportunities FundJMLP | Nuveen AMT-Free Municipal Income FundNEA | Nuveen AMT-Free Municipal Value FundNUV | Nuveen AMT-Free Municipal Value FundNUW | Nuveen Arizona Premium Income Municipal FundNAZ | Nuveen Build America Bond FundNBB | Nuveen Build America Bond Opportunity FundNBD |