United Kingdom

Nucor Corp Q3 earnings per share $0.83

Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Nucor Corp :Nucor reports results for third quarter and nine months of 2017.Q3 earnings per share $0.83.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q3 sales $5.17 billion versus I/B/E/S view $5.16 billion.Average sales price per ton in Q3 of 2017 increased 2% from Q2 of 2017 and increased 7% from Q3 of 2016​.Total tons shipped to outside customers were 6,618,000 tons in Q3 of 2017, a 2% decrease from Q2 of 2017 and a 12% increase from Q3 of 2016​.Average scrap and scrap substitute cost per ton used during Q3 of 2017 was $317, an increase of 26% compared with $252 in Q3 of 2016​.Expect Q4 earnings to be similar to slightly decreased from Q3, exclusive of previously mentioned tax benefits recognized in Q3.Says "‍imports continue to negatively impact U.S. steel industry"​.Expect steel mills segment to see some decline mainly due to weakness in plate steel and typical seasonality​.