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Tickers in this Article: NUE
Nucor (NYSE:NUE) announced its results for the most recent quarter on October 18, 2012. Nucor and its affiliates manufacture steel and steel products for customers mainly located in North America.

In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: How To Decode A Company's Earnings Reports

The Numbers: Nucor missed estimates with 35 cents per share and revenues of $4.8 billion. Analysts were expecting 45 cents per share and revenues of $5.06 billion. Revenue fell 8.6% from the same period last year while EPS is down 38.6%. Year over year revenue increases in the past five quarters have averaged 9.7%. Nucor reported profit of $110.3 million during the third quarter. According to the reported number, this is down 39.2% from last year's figures.

Looking Ahead: The outlook for the company's results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 50 cents per share, down from 66 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. For the fiscal year, the average estimate has moved down from $2.38 a share to $1.90 over the last 90 days.

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