Investing.com - Nucor (NYSE:NUE) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nucor announced earnings per share of $0.63 on revenue of $4.93B. Analysts polled by Investing.com anticipated EPS of $0.5 on revenue of $4.54B.
Nucor shares are down 13% from the beginning of the year and are trading at $48.44 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.34% from the start of the year.
Nucor follows other major Basic Materials sector earnings this month
Nucor's report follows an earnings beat by Dow on Thursday, who reported EPS of $0.5 on revenue of $9.71B, compared to forecasts EPS of $0.29 on revenue of $9.4B.
PPG Industries had beat expectations on Monday with third quarter EPS of $1.93 on revenue of $3.69B, compared to forecast for EPS of $1.76 on revenue of $3.64B.
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