Nucor projects lower 4th-qtr. earnings
Dec 18, 2012 | 01:03 PM
| Chris Prentice
Tags
Nucor,
Charlotte,
N.C.,
steel mill,
steel plate,
steel sheet,
steel bar,
reinforcing bar
rebar
NEW YORK — Nucor Corp. says it expects to see lower fourth-quarter results compared to both the previous quarter and the prior-year period due to a smaller accounting credit, as well as thinner margins in the steel sector as a whole.
The Charlotte, N.C.-based steelmaker said it expects earnings for the quarter ending Dec. 31 to be in the range of 25 to 30 cents per diluted share. That projection represents a decrease from both third-quarter earnings of 35 cents per share and 2011 fourth-quarter earnings of 43 cents per share, the company said Tuesday.....
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