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Weak 3Q for Nucor - Analyst Blog
Thursday, October 21, 2010 - 1:33pm | 457Nucor Corporation (NUE) recorded net profit of $23.5 million or 7 cents per share in the third quarter of 2010, missing the Zacks Consensus Estimate by 4 cents per share. Reported earnings, however, reversed the year-ago losses of $29.5 million or 10 cents per share. A difficult pricing and end-...
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News Summary
Thursday, October 21, 2010 - 9:39am | 159Treasury prices moved down to push long-term yields up, after initial jobless claims dropped 23,000 to 452,000 in the latest week. Yields on 10-year notes moved up about 0.93%, while yields on 2-year notes gained about 1.14%. Fiat SpA (OTC: FIATY) reported sharp year-over-year rise in its Q3 profit...
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Nucor Down Modestly After Mixed Earnings (NUE)
Thursday, October 21, 2010 - 9:33am | 61Nucor (NYSE: NUE) is down slightly, after the steel maker reported mixed earnings. The North America steelmaker reported earnings of 7 cents per share, on revenues of $4.14 billion. Analysts had expected Nucor to earn 13 cents a share on revenue of $3.92 billion. At last check, shares of NUE were...
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Nucor Reports Q3 Earnings
Thursday, October 21, 2010 - 9:16am | 58Nucor Corp (NYSE: NUE) reports its Q3 diluted EPS at $0.07, as compared to the consensus of $0.11. NUE reports its Q3 revenue at $4.14 billion, versus the estimates of $3.89 billion. NUE shares gained 0.30% to $39.50 in pre-market trading. Read more from Benzinga's Company news.
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Reliance Steel & Aluminum Co. Reports Third Quarter Results; Net Income Up 17%
Thursday, October 21, 2010 - 8:50am | 130Reliance Steel & Aluminum Co. (NYSE: RS) reported today its financial results for the third quarter and nine months ended September 30, 2010. For the 2010 third quarter, Reliance reported net income of $48.7 million, up 17%, compared to 2009 third quarter net income of $41.8 million. Earnings...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, October 21, 2010 - 8:36am | 337Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's Inc (AAN) Allegheny Tech Incorporated (ATI) American Intl Group Inc (AIG) Blueknight Energy Partners L.P (BKEP) Callaway Golf Co (ELY) View the entire Zacks #5 Rank List. AARONS INC (AAN): Free Stock Analysis Report...
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STLD Falters on Lower Steel Prices - Analyst Blog
Wednesday, October 20, 2010 - 6:54pm | 711Steel Dynamics Inc.'s (STLD) net income of $19 million or 9 cents per share in the third quarter of 2010 plummeted 72% from last year's $69 million or 30 cents. Sequentially, it declined 29% from $49 million or 22 cents. However, results matched the Zacks Consensus Estimate, as the lower steel...
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Schnitzer Steel Reports Mixed Earnings (SCHN)
Wednesday, October 20, 2010 - 4:42pm | 167Schnitzer Steel Industries Inc. (NASDAQ: SCHN) reports Q3 earnings of $0.58 versus consensus of $0.38. Schnitzer Steel Industries reports revenues of $639 million versus consensus of $665.45 million. “We delivered strong financial and operating performance in fiscal 2010 continuing an overall...
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Schnitzer Steel Reports Strong 2010 Performance; Q4 EPS $.58
Wednesday, October 20, 2010 - 4:24pm | 86Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported diluted earnings per share from continuing operations of $0.58 for its fiscal 2010 fourth quarter ended August 31, 2010. This compares with diluted earnings per share from continuing operations of $0.35 for the same quarter of fiscal...
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Estimates Raised On Steel Dynamics
Wednesday, October 20, 2010 - 11:21am | 155Dahlman Rose has adjusted estimates on Steel Dynamics, Inc. (NASDAQ: STLD) in anticipation of a gradual recovery for the company, which has experienced lower utilization across the steel industry and will continue to do so through 2011. In the report, Dahlman Rose writes “We recently adjusted our...
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Citi Lowers Price Target On Steel Dynamics (STLD)
Wednesday, October 20, 2010 - 7:12am | 103Citi Investment Research lowered the price target and earnings estimates for Steel Dynamics, Inc. (NASDAQ: STLD), after the company reported earnings recently. It has a Buy rating, and a $21 price target, down from $22. In a note to clients, Citi writes, "After incorporating guidance and adjusting...
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Pratt & Whitney Rocketdyne Awarded $1 Million Contract
Tuesday, October 19, 2010 - 2:16pm | 76The Defense Advanced Research Projects Agency awarded Pratt & Whitney Rocketdyne a contract, with a value up to $1 million, to design an engine for the Transformer (TX), a vertical take-off and landing, road-worthy concept study vehicle. The engine design will use technology from the...
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Freeport McMoran Copper & Gold (FCX) Rallied 50% off the Late August Lows
Tuesday, October 19, 2010 - 11:30am | 572I had only been watching Freeport McMoran Copper & Gold (FCX) with one eye, until I noticed a chart yesterday on financial entertainment TeeVee of its parabolic run. Pulling up my own chart today I see the stock had run in "computerized like" fashion to exactly touch $100 from its lows in the...
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Steel Dynamics Down After Earnings Report (STLD)
Tuesday, October 19, 2010 - 11:06am | 63Shares of Steel Dynamics, Inc. (NASDAQ: STLD) are down 2.3% on strong volume, after the steel company reported earnings after the bell yesterday. For the third quarter, Steel Dynamics reported of 9 cents a share. Revenues rose 35% to $1.6 billion from the third quarter last year. Steel Dynamics,...
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Commodity Stocks Tank After China Rate Hike
Tuesday, October 19, 2010 - 10:20am | 324This morning most commodity stocks are selling off sharply after China raised interest rates by 25 basis points. While this move by the Chinese could slow down their economy it will certainly effect many commodity stocks. Commodity stocks will usually trade higher when the Chinese government...