October 18, 2018 / 1:13 PM / a month ago

REFILE-Nucor profits nearly triples as steel tariffs kick in

(Refiles to correct link in paragraph two)

Oct 18 (Reuters) - U.S. steelmaker Nucor Corp on Thursday reported a third-quarter profit that nearly tripled as a strong U.S. economy and President Donald Trump’s hefty tariffs on steel imports supported robust growth in both shipments and prices.

Net income attributable to shareholders rose to $676.66 million in the third quarter ended Sept. 29 from $254.85 million a year earlier. The company posted earnings per share of $2.13, compared with 79 cents a year earlier.

Net sales rose to $6.74 billion from $5.2 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below