Nucor slips on muted guidance

|About: Nucor Corporation (NUE)|By:, SA News Editor

Expected Q2 EPS of $0.35-$0.40 is an increase from $0.27 a year ago, but the low end of the company's previously reported expectations.

"Overall operating performance at our steel mills segment is expected to be slightly improved compared to Q1, as improvements in sheet and plate profitability are partially offset by lower profitability in structural steel," says Nucor (NUE -1.7%). "Steel demand continues to be strong, particularly for sheet and plate products."