Free Annual Reports
Nucor's Second Quarter Earnings Report
Tickers in this Article »
NUE
Nucor (NYSE:NUE) announced its results for the most recent quarter on July 19, 2012. Nucor and its affiliates manufacture steel and steel products for customers mainly located in North America.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: Earnings: Quality Means Everything
The Numbers: Nucor announced 35 cents per share. For the second quarter, the company reported net income of $1.12 billion, up 274.6% from the year-ago quarter.
A Look Back:
Looking Ahead: The outlook for the company's results in the upcoming quarter is unfavorable. The average estimate for the third quarter is 46 cents per share, down from 77 cents 90 days ago. Decreasing earnings estimates is generally a negative sign as it suggests analyst believe future earnings to be weaker than previously anticipated. The average estimate for the fiscal year is $1.86 per share, down from $2.74 90 days ago.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: Earnings: Quality Means Everything
The Numbers: Nucor announced 35 cents per share. For the second quarter, the company reported net income of $1.12 billion, up 274.6% from the year-ago quarter.
A Look Back:
Looking Ahead: The outlook for the company's results in the upcoming quarter is unfavorable. The average estimate for the third quarter is 46 cents per share, down from 77 cents 90 days ago. Decreasing earnings estimates is generally a negative sign as it suggests analyst believe future earnings to be weaker than previously anticipated. The average estimate for the fiscal year is $1.86 per share, down from $2.74 90 days ago.
by
Investopedia Staff
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
