Nucor hits near 3-month high after forecasting quarterly profit above estimates

Nucor

18/06/2025 17:33

Updates

** Shares of steelmaker Nucor NUE.N up 4% to near three-month high at $127; the highest since late March

** Company forecasts Q2 per-shared profit of $2.55 to $2.65, above analysts' average estimate of $2.24, according to data compiled by LSEG

** Nucor also expects Q2 earnings to increase across all three operating segments, with the largest increase in steel mills segment, driven by higher average selling prices at sheet and plate mills

** Company says it repurchased about 1.8 million shares with an avg price of $111.89/share during Q2 and returned about $755 million to stockholders year-to-date in the form of share repurchases and dividend payments

** NUE will announce Q2 results on July 28

** Including session moves, shares up 8.8% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))