Investing.com - Nucor (NYSE:NUE) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nucor announced earnings per share of $7.97 on revenue of $10.36B. Analysts polled by Investing.com anticipated EPS of $7.84 on revenue of $10.56B.
Nucor shares are down 4% from the beginning of the year and are trading at $94.55 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.73% from the start of the year.
Nucor shares gained 1.62% in pre-market trade the report.
Nucor follows other major Materials sector earnings this month
Nucor's report follows an earnings missed by Sherwin-Williams on Thursday, who reported EPS of $1.34 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had beat expectations on Wednesday with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9519 on revenue of $6.48B.
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