Nucor Stock Jumps as Profit Surges, Steel Mills Signal More Gains
Shares of Nucor Corporation climbed Tuesday, with the Charlotte steelmaker logging a hefty profit jump for the first quarter. Nucor posted net earnings of $743 million, or $3.23 per diluted share—up from $156 million, or 67 cents, in the same period last year. The company also highlighted a new quarterly shipping record from its mills.