Recap: Nucor Q1 Earnings

Nucor NUE reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Nucor beat estimated earnings by 16.8%, reporting an EPS of $4.45 versus an estimate of $3.81.

Revenue was down $1.78 billion from the same period last year.

Last quarter the company beat on EPS by $0.7 which was followed by a 1.74% drop in the share price the next day.

Here's a look at Nucor's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	4.19	6.69	8.39	7.29
EPS Actual	4.89	6.50	9.67	7.67
Revenue Estimate	8.43B	10.03B	11.46B	10.48B
Revenue Actual	8.72B	10.50B	11.79B	10.49B

To track all earnings releases for Nucor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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