Nucor sees 4th-qtr. earnings up slightly
Dec 16, 2009 | 08:50 AM
| Scott Robertson
The absence of high-priced pig iron inventories will help Nucor Corp. stop a string of quarterly losses in the fourth quarter, the company said in earnings guidance issued Wednesday.
Nucor expects to be break even to slightly positive in the fourth quarter vs. its per-share losses of 60 cents, 43 cents and 10 cents in the first, second and third quarters of 2009, respectively.
Charlotte, N.C.-based Nucor posted earnings of 34 cents per share in the fourth quarter last year.....
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