Investing.com - Nucor (NYSE:NUE) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nucor announced earnings per share of $1.3 on revenue of $5.26B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $5.31B.
Nucor shares are down 3% from the beginning of the year, still down 12.29% from its 52 week high of $58.52 set on January 12. They are under-performing the S&P 500 which is down 0.14% from the start of the year.
Nucor shares lost 0.04% 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 Sherwin-Williams on Thursday, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on Monday with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7088 on revenue of $2.03B.
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