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Update: Nucor Shares Rise After Q2 Beat

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(Updates with the latest stock move in the headline and in the first paragraph.)

Nucor (NUE) shares were up 5.7% in Tuesday trading after the company reported better-than-expected Q2 results late Monday.

The company posted quarterly adjusted earnings of $4.84 per diluted share, up from $2.68 a year earlier.

Analysts polled by FactSet expected $4.46.

Revenue for the 13 weeks ended July 4 was $10.40 billion, up from $8.46 billion a year earlier.

Analysts expected $10.15 billion.

For Q3, the company said it expects higher consolidated earnings than Q2.

Price: $261.99, Change: $+14.13, Percent Change: +5.70%

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