Investing.com - Nucor reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nucor announced earnings per share of $7.28 on revenue of $10.31B. Analysts polled by Investing.com anticipated EPS of $6.93 on revenue of $10.15B.
Nucor shares are up 97% from the beginning of the year and are trading at $104.40 , down-from-52-week-high.They are outperforming the S&P 500 which is up 20.77% from the start of the year.
Nucor shares lost 0.72% in pre-market trade the report.
Nucor follows other major Basic Materials sector earnings this month
Nucor's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $0.89 on revenue of $6.08B, compared to forecasts EPS of $0.8161 on revenue of $6.21B.
Dow had beat expectations on July 22 with second quarter EPS of $2.72 on revenue of $13.89B, compared to forecast for EPS of $2.47 on revenue of $13.13B.
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