Nucor expects lower first quarter earnings

摘要

Nucor expects its first quarter earnings to be lower year on year as profits in both the steeland raw materials divisions are expected to be lower, the US-based steelmaker saidFriday.Nucor expects Q1 earnings to be in the range of $1.45-$1.50 per diluted share. This isdown from earnings of $2.07 per diluted share in the year-ago quarter, when the companyreported net income of $380.1 million on sales of $5.57 billion.