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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