Market Watch: Tracking Leading Industrial and Tech Stocks
Steel Dynamics Prepares for Quarterly Earnings Release
Wall Street analysts are anticipating Steel Dynamics Inc. (NASDAQ: STLD) to disclose its quarterly earnings at $1.69 per share, with projected revenues reaching $4.57 billion. The report is scheduled for release before the market opens, and the company's shares concluded Friday with a 1.4% increase, closing at $181.32, as investors look for insights into the steel sector's performance.
Baker Hughes Exceeds Expectations in Fourth Quarter
Baker Hughes Co. (NASDAQ: BKR) has already delivered impressive fourth-quarter results, surpassing market predictions. The energy technology company reported adjusted earnings of 78 cents per share, outperforming the estimated 67 cents. Additionally, its quarterly sales reached $7.386 billion, exceeding the $7.068 billion forecast. Despite the positive news, Baker Hughes' shares experienced a slight dip of 1.2% on Friday, closing at $53.80.
Nucor Corp. to Announce Earnings Post-Market
Following the market close, Nucor Corp. (NYSE: NUE) is slated to reveal its quarterly financial performance. Analysts are estimating earnings of $1.91 per share on revenues of $7.87 billion. Nucor's stock saw a modest rise of 0.8% on Friday, settling at $181.65, as the market anticipates its latest figures.
W. R. Berkley Corp.'s Upcoming Financial Disclosure
Also expected after trading hours, W. R. Berkley Corp. (NYSE: WRB) is projected to report quarterly earnings of $1.13 per share and revenues of $3.66 billion. The insurance holding company's shares ended Friday down 0.6%, closing at $67.12, with investors awaiting confirmation of its financial health.
Sanmina Corp. to Report After Market Closes
Sanmina Corp. (NASDAQ: SANM), a leading electronics manufacturing services provider, is also set to announce its quarterly earnings once the markets close. The consensus forecast predicts earnings of $2.13 per share on revenues of $3.08 billion. Sanmina's shares closed Friday at $177.83, marking a 0.9% decrease, as the tech manufacturing sector eyes its performance indicators.