Cigna earnings beat by $0.04, revenue topped estimates
Investing.com -- Nucor Corporation (NYSE:NUE) stock rose 1.3% after the steel producer issued second quarter earnings guidance that exceeded analyst expectations.
The company expects second quarter earnings to be in the range of $2.55 to $2.65 per diluted share, significantly above the consensus estimate of $2.30 per share. This guidance is relatively flat compared to the $2.68 per diluted share reported in the same quarter last year, but represents a substantial improvement from the $0.67 per diluted share reported in the first quarter of 2025.
Nucor attributed the expected earnings increase to improvements across all three of its operating segments, with the steel mills segment showing the largest gains. The company cited higher average selling prices at its sheet and plate mills as the primary driver for the improvement in the steel mills segment.
The steel products segment is also expected to show improved performance due to stable pricing, higher volumes, and lower average costs per ton. Additionally, the raw materials segment is anticipated to report increased earnings for the quarter.
Nucor plans to release its full second quarter results after market close on July 28, 2025, with a conference call scheduled for the following morning.
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