Investing.com - Nucor (NYSE:NUE) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nucor announced earnings per share of $3.1 on revenue of $7.01B. Analysts polled by Investing.com anticipated EPS of $3.07 on revenue of $7.17B.
Nucor shares are up 50% from the beginning of the year and are trading at $80.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.11% from the start of the year.
Nucor shares lost 0.22% in pre-market trade after 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 $0.51 on revenue of $4.85B, compared to forecasts EPS of $0.507 on revenue of $4.85B.
Dow had beat expectations on Thursday with first quarter EPS of $1.36 on revenue of $11.88B, compared to forecast for EPS of $1.1 on revenue of $11.05B.
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