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Nucor Q3 Earnings Beat Estimates as Steel Prices Rise

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Story summary
  • Nucor Corp. reported Q3 earnings of $5.80 per share, topping the $5.77 Bloomberg estimate.
  • Net sales reached $11.2 billion, exceeding the $10.8 billion forecast.
  • Higher U.S. steel prices, driven by President Donald Trump’s tariffs, lifted Nucor’s profits.
  • Hot-rolled coil rose to $1,292 a short ton, the highest level since May 2022.
  • Shares were little changed in post-market trading on Monday.