Nucor's (NUE) Earnings and Revenues Beat Estimates in Q2

Nucor Corporation (NUE) reported earnings of $2.68 per share in the second quarter of 2024, down from earnings of$5.81 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $2.31.The company recorded net sales of$8,077.2 million, down around 15% year over year. The figure beat the Zacks Consensus Estimate of $7,607.7 million. Operating FiguresTotal sales tons to outside customers for steel mills in the second quarter were 4,617,000 tons, down 3% year over year. The figure lagged ou ...