TSXV:AGA.H - Post by User
Post by
cymlanon Mar 10, 2006 9:01am
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Post# 10493139
Nucor increases Q1 EPS guidance
Nucor increases Q1 EPS guidance (NUE) 90.10 :Co announces that strong shipments and better than expected margins have increased its EPS guidance for Q1. Co expects Q1 EPS to be $2.20-2.40 (consensus $2.09), significantly better than the $1.90-2.10 previously forecast. Co's margins in Q1 have been favorably impacted by a stable scrap pricing environment. Co continues to benefit from product line diversification, and all product lines have exceeded performance expectations for Q1. Co anticipates that Q2 will continue to be strong as overall demand and, in particular, the non-residential construction markets, continue to improve