Shares of Nucor Corp. NUE fell 0.6% toward a 2 1/2-month low in premarket trading Thursday, after the steelmaker provided a first-quarter profit outlook that was below Wall Street projections. The company said its expects earnings per share for the current quarter to fall to $3.70 to $3.80 from $4.89 in the fourth quarter and from $7.67 in the same period a year ago. The FactSet consensus was for EPS of $3.84.
6% toward a 2 1/2-month low in premarket trading Thursday, after the steelmaker provided a first-quarter profit outlook that was below Wall Street projections. The company said its expects earnings per share for the current quarter to fall to $3.70 to $3.80 from $4.89 in the fourth quarter and from $7.67 in the same period a year ago. The FactSet consensus was for EPS of $3.84.