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After outperforming the Industrial Select Sector SPDR Fund NYSEARCA: XLI by more than 15% over the past five months, shares of Nucor Co. NYSE: NUE have now fallen behind the sector after reporting its first quarter 2024 earnings, arguably the most important earnings for the year as they set the tone for the stock.
Nucor Corporation (NYSE:NUE ) Q1 2024 Results Conference Call April 23, 2024 10:00 AM ET Company Participants Jack Sullivan - General Manager and Investor Relations Leon Topalian - Chair, President and CEO Steve Laxton - Executive Vice President and CFO Dave Sumoski - Chief Operating Officer Noah Hanners - Executive Vice President, Raw Materials Brad Ford - Executive Vice President, Fabricated ...
Shares in Nucor (NUE) slumped more than 6% ahead of the opening bell Tuesday after the steel producer missed Wall Street's quarterly estimates and issued a weaker-than-expected current-quarter outlook amid lower selling prices.
First Quarter of 2024 Highlights Net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share. Net sales of $8.14 billion.
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