On Monday, Nucor Corporation (NYSE:NUE)’s shares declined -2.93% to $37.02.
Nucor Corporation (NUE) declared guidance for its third quarter ending October 3, 2015. Nucor anticipates third quarter results to be in the range of $0.45 to $0.50 per diluted share. This range is a decrease from the third quarter of 2014 earnings of $0.76 per diluted share and is an enhance contrast to the second quarter of 2015 earnings of $0.39 per diluted share.
Projected third quarter results comprise a LIFO credit of $83.0 million ($0.16 per diluted share), contrast to a credit of $95.5 million ($0.19 per diluted share) in the second quarter of 2015 and a credit of $14.5 million ($0.03 per diluted share) in the third quarter of 2014. Comprised Of in the second quarter of 2015 results was a $9.3 million ($0.03 per diluted share) benefit related to state tax credits. Comprised Of in the third quarter of 2014 results was a $12.5 million ($0.03 per diluted share) charge related to the partial write down of assets within the steel mills segment.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials.
Leucadia National Corp. (NYSE:LUK)’s shares dropped -1.63% to $19.92.
As declared in January, Leucadia National Corporation (LUK) will host an investor meeting on Thursday, October 8, 2015, from 9:00 a.m. to 5:00 p.m. in Manhattan. The meeting will comprise in-person administration presentations from Richard B. Handler, our Chief Executive Officer, Brian P. Friedman, our President, various members of our executive team, and the leaders of our auxiliaries and investee companies. We will also provide an opportunity to present questions to administration. The Investor Day Agenda is attached.
To register to attend the Investor Meeting in person or to listen on a secure conference line, qualified investors should provide their contact information and preferred mode of participation via the Leucadia website: http://investorcall.leucadia.com by 2:00 p.m. on October 7, 2015. Only registered and approved guests will be allowed to take part.
Leucadia National Corporation, through its partner, Jefferies Group LLC, primarily operates in the investment banking and capital markets sector. Leucadia National Corporation also owns and holds investments in various other businesses, counting beef processing, manufacturing, energy projects, asset administration, and real estate. It offers equities research, sales, and trading services; financing, securities lending, and other prime brokerage services; wealth administration services; fixed income sales and trading services; futures, foreign exchange, and commodities trading services; and equity and debt capital markets services, in addition to provides mergers and acquisition, and restructuring and recapitalization services in the Americas, Europe, and Asia.
At the end of Monday’s trade, Best Buy Co Inc (NYSE:BBY)‘s shares dipped -2.74% to $35.53.
Best Buy Co., Inc. declared the appointment of Karen McLoughlin to its Board of Directors. McLoughlin is the chief financial officer at Cognizant Technology Solutions (Nasdaq: CTSH), a Fortune 500 company and leading provider of information technology, business process and consulting services.
McLoughlin, 50, joined Cognizant in 2003 and has spearheaded several critical transformation initiatives during her time with the company. She has been the chief financial officer since 2012, overseeing the company’s worldwide accounting and controllership, enterprise risk administration, financial planning and analysis, internal audit, investor relations, tax and treasury functions.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics compriseing primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
McCormick & Company, Incorporated (NYSE:MKC), ended its Monday’s trading session with -2.31% loss, and closed at $81.50.
McCormick & Company, Incorporated (MKC), a global leader in flavor, will conduct a conference call and webcast of its third quarter 2015 financial results on Thursday, October 1, 2015, at 8:00 a.m. Eastern Time. Alan Wilson, Chairman & Chief Executive Officer, Gordon Stetz, Executive Vice President & Chief Financial Officer, Lawrence Kurzius President & Chief Operating Officer, Mike Smith, Senior Vice President Corporate Finance and Joyce Brooks, Vice President Investor Relations, will be hosting the call.
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry worldwide. It operates through two segments, Consumer and Industrial.
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