Investing.com - Nucor (NYSE:NUE) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nucor announced earnings per share of $5.04 on revenue of $8.78B. Analysts polled by Investing.com anticipated EPS of $4.76 on revenue of $8.31B.
Nucor shares are up 74% from the beginning of the year and are trading at $93.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.04% from the start of the year.
Nucor shares gained 0.11% in pre-market trade the report.
Nucor follows other major Basic Materials sector earnings this month
Nucor's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $0.77 on revenue of $5.75B, compared to forecasts EPS of $0.7513 on revenue of $5.75B.
Newmont Goldcorp had beat expectations on Thursday with second quarter EPS of $0.83 on revenue of $3.06B, compared to forecast for EPS of $0.8078 on revenue of $3.14B.
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