Overview
- The company reported earnings of $2.63 per share, beating the $2.25 consensus estimate.
- Revenue came in at $8.52 billion, ahead of expectations for $8.15 billion.
- Nucor said it expects fourth-quarter earnings to be lower than third-quarter results.
- Shares rose 2.84% to $148.25 in extended trading after the report was released following the closing bell.
- CEO Leon Topalian emphasized growth in core steelmaking and downstream businesses, citing a strong balance sheet and nearly $1 billion returned to shareholders year-to-date, or over 70% of net earnings through Q3.