Nucor (NUE) Tops Q3 EPS by 9c

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Nucor Reports Results for Third Quarter of 2019

October 22, 2019 8:00 AM EDT

CHARLOTTE, N.C., Oct. 22, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings of $275.0 million, or $0.90 per diluted share, for the third quarter of 2019. By comparison, Nucor reported consolidated net earnings of $386.5 million, or $1.26 per diluted share, for the second quarter of 2019 and $676.7 million, or $2.13 per diluted share, for the third quarter of 2018. Included in the third quarter of 2018 earnings is a non-cash impairment charge of $110.0 million, or $0.26 per diluted share, related to our proved producing natural gas well assets, as well as a benefit of $24.8 million, or $0.06... More