Nucor (NUE) Forecasts Sequential Earnings Growth in Q1

Nucor Corporation (NUE) issued its guidance for the first quarter ending on Mar 30, 2024. The company anticipates earnings in the range of $3.55-$3.65 per share. Compared with earnings of $3.16 per share reported in the fourth quarter of 2023, the midpoint of the guidance suggests a rise of 14%. However, on a year-over-year basis, earnings are expected to decline 19%.In the first quarter of 2024, Nucor expects an increase in the steel mills segment’s earnings, driven by higher average selling prices and vol ...