Nucor Reports Results for Fourth Quarter and Year Ended 2019
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Nucor (NUE) Tops Q4 EPS by 4c, Revenues Beat
January 28, 2020 8:02 AM ESTNucor (NYSE: NUE) reported Q4 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $5.13 billion versus the consensus estimate of $4.94 billion.
"Stronger than expected steel mill segment performance in December was the primary driver for higher actual fourth quarter earnings than we indicated in our mid-December quantitative guidance," said Leon Topalian, Nucor's President and Chief Executive Officer. "We believe that the inventory destocking that occurred throughout most of 2019 concluded in the fourth quarter, when customers resumed more normal buying patterns. Additionally, general business conditions... More
