Investing.com - Nucor (NYSE:NUE) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nucor announced earnings per share of $7.67 on revenue of $10.49B. Analysts polled by Investing.com anticipated EPS of $7.39 on revenue of $10.39B.
Nucor shares are up 48% from the beginning of the year and are trading at $173.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.44% from the start of the year.
Nucor shares gained 2.22% in pre-market trade the report.
Nucor follows other major Materials sector earnings this month
Nucor's report follows an earnings beat by Dow on Thursday, who reported EPS of $2.34 on revenue of $15.26B, compared to forecasts EPS of $2.01 on revenue of $14.42B.
Anhui Conch Cement Co had beat expectations on Friday, March 25, 2022 with first quarter EPS of $1.61 on revenue of $7.26B, compared to forecast for EPS of $1.47 on revenue of $10.46B.
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