US stock movement: Nucor Steel rises 4.7% pre-market as Q1 revenue and earnings per share both beat expectations
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Glonghui, April 28 – Nucor Corporation (NUE.US) rose 4.7% in pre-market trading to $225.09. According to reports, Nucor Corporation’s first-quarter revenue reached $9.5 billion, surpassing analysts’ expectations of $8.88 billion. Earnings per share were $3.23, also above analysts’ forecast of $2.8. Nucor Chairman and CEO Leon Topalian stated that all three major operating segments achieved sequential earnings growth, benefiting from robust demand in key end-use markets, increased recent contributions from capital investments, and continued reduction of the impact of unfair trade imports on the US due to federal trade policy.
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