Investing.com - Nucor (NYSE:NUE) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nucor announced earnings per share of $0.36 on revenue of $4.33B. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $4.5B.
Nucor shares are down 24% from the beginning of the year , still down 28.01% from its 52 week high of $58.70 set on December 12, 2019. They are under-performing the S&P 500 which is up 1.4% from the start of the year.
Nucor shares gained 1.51% in pre-market trade following the report.
Nucor follows other major Basic Materials sector earnings this month
Nucor's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.07B.
Dow had missed expectations on Thursday with second quarter EPS of $-0.26 on revenue of $8.35B, compared to forecast for EPS of $-0.23 on revenue of $8.05B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar