As a result, Nucor posted profit of $91 million, or 29 cents a share, better than the consensus estimate among sell side analysts of 26 cents a share. In the second period of 2009, Nucor lost $133 million, or 43 cents a share.
Revenue rose 15% from last year to $4.2 billion.
On a gangbuster day for U.S. equities generally, Nucor shares were solidly in the green. In morning trading Thursday, the stock was changing hands at $40.34, up 3% from the previous close.
Other steel names were also gaining ground:
(X - Get Report) and
(AKS - Get Report), both slated to report results on Tuesday, were rising 3.4% and 4.2% respectively.
Nucor's smaller electric-arc-furnace peer,
(STLD - Get Report)
, also gave a
when it released results Monday evening. But amid a bullish week of trading, albeit on light midsummer volumes, steelmaker shares have advanced.
-- Written by Scott Eden in New York
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