Nucor Corporation NUE shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86. The primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices. The company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to see an increase in earnings, excluding the impairment charge from the third quarter of 2024. Nucor reported net earnings of $1.05 per share in the third quarter of 2024 and $3.16 per share in the fourth quarter of 2023.