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 $9.67 on revenue of $11.79B. Analysts polled by Investing.com anticipated EPS of $8.26 on revenue of $11.47B.
Nucor shares are up 3% from the beginning of the year and are trading at $121.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Nucor shares gained 2.76% in pre-market trade after the report.
Nucor follows other major Materials sector earnings this month
Nucor's report follows an earnings missed by Freeport-McMoran on Thursday, who reported EPS of $0.58 on revenue of $5.42B, compared to forecasts EPS of $0.7033 on revenue of $6.24B.
Dow had beat expectations on Thursday with second quarter EPS of $2.31 on revenue of $15.66B, compared to forecast for EPS of $2.14 on revenue of $15.54B.
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