Nucor reports q3 earnings per share $0.90

Nucor reports results for third quarter of 2019.q3 sales $5.46 billion versus refinitiv ibes estimate of $5.54 billion.after a brief summer rally, plate and sheet market conditions softened in q3.qtrly earnings per share $0.90.excess inventory throughout supply chain has resulted in continued destocking by customers.average sales price per ton in q3 of 2019 decreased 5% compared with q2 of 2019.spending in nonresidential construction market remained at healthy levels during q3.expect earnings in steel mills segment to further decrease in q4 of 2019 from q3.average scrap and scrap substitute cost per ton used in q3 of 2019 was $299.total of 6.56 million tons were shipped to outside customers in q3 of 2019, down 3%.profitability of steel products segment in q4 of 2019 is expected to decrease slightly from q3 of 2019 due to normal year-end seasonality.performance of raw materials segment is expected to decline in q4 of 2019 compared to q3 of 2019.performance of steel mills segment in q3 of 2019 decreased compared to q2 of 2019.plate and sheet market conditions softened in q3.excess inventory throughout supply chain has resulted in continued destocking by customers in q3.nucor - expected decline in performance of raw materials segment in q4 due to impact of louisiana dri plant's planned outage continuing until mid-november.earnings in q4 of 2019 are expected to decrease as compared to q3 of 2019.
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