Falling costs contributed to net income growth for Nucor (NUE) in the second quarter.
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Earnings and Revenue
The company announced EPS of 35 cents a share against the 47 cents a share estimate. The company's reported EPS came in below the low estimate of 13 analysts of a profit of 39 cents.
The company's net income for the quarter was $1.12 billion. According to the reported number, this is up 274.6% from last year's levels.
Company Fundamental Trends
History Against Expectations
The company missed forecasts after topping estimates in the previous two quarters. In the first quarter, it topped the mark by 6 cents, and in the fourth quarter of the last fiscal year, it was ahead by 8 cents.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.