Nucor shares fall after cautious Q3 guidance as corporate updates draw focus

  • Nucor forecast third-quarter 2026 diluted earnings of $5.55 to $5.65 per share, below Wall Street’s $5.99 consensus.
  • The guidance excludes a $61 million Helion valuation benefit and approximately $130 million in retroactive raw-material procurement adjustments from the prior quarter.
  • Steel Dynamics also issued weaker guidance, while BlackBerry, Clean Harbors, 5E Advanced Materials and McDonald’s reported separate corporate updates.

U.S. stock futures traded higher Friday as investors assessed corporate updates, led by Nucor Corp.’s third-quarter 2026 earnings guidance of $5.55 to $5.65 per diluted share, below Wall Street’s $5.99 consensus but above $2.63 a year earlier and second-quarter diluted EPS of $5.04. Nucor shares fell more than 5% during Friday trading and were reported down 3.1% at $257 in after-hours trading, while the forecast excludes a $61 million non-cash Helion valuation benefit and about $130 million in retroactive raw-material procurement adjustments recorded in the prior quarter. Steel Dynamics also issued below-expectation guidance of $5.34 to $5.38 per share, while Cleveland-Cliffs slipped 0.2% to $12.74. Separately, BlackBerry gained after QNX announced a partnership with Sift, Clean Harbors priced $600 million of senior notes due 2034, 5E Advanced Materials reported a narrower-than-expected loss, and McDonald’s increased its quarterly dividend to $1.93 per share.

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