Shares of Nucor Corp. NUE inched 0.56% higher to $142.98 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.29% to 5,618.26 and Dow Jones Industrial Average DJIA falling 0.

NUE expects lower Q3 earnings due to reduced steel prices and volumes, alongside one-time non-cash charges, while repurchasing 2.5 million shares.

Nucor stock was falling Tuesday after the steel manufacturer said that it expects earnings to drop in the current quarter, due primarily to lower average selling prices. Nucor said that it expects third-quarter adjusted earnings to be between $1.

Shares of Nucor Corp. NUE sank 0.55% to $142.18 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 5,634.58 and the Dow Jones Industrial Average DJIA falling 0.04% to 41,606.18. This was the stock's second consecutive day of losses.

Nucor (NUE) warns of large Q3 profit decline due to lower selling prices in steel mills business, projecting adjusted EPS below analyst consensus.

Charlotte, North Carolina-based Nucor Corp., which is currently building a new sheet mill in Mason County, West Virginia, announced Tuesday guidance for its third quarter earnings. The company said the expected lower earnings are due to lower than average selling prices and lower volumes.

Charlotte, North Carolina-based Nucor Corp., which is currently building a new sheet mill in Mason County, West Virginia, announced on Sept. 17, 2024 guidance for its third-quarter earnings. The company said it expects lower earnings in the third quarter of 2024 primarily due to lower than average selling prices and lower volumes.

Nucor warned of a big year-over-year earnings decline in the current quarter after steel prices fell and the company incurred a hefty impairment charge.