WASHINGTON (dpa-AFX) - Nucor Corp. (NUE), a maker of steel and related products, on Friday provided earnings guidance for the second-quarter, well below analysts' estimates.
For the second-quarter, the steel maker expects earnings in a range of $2.20 to $2.30 per share.
On average, nine analysts, polled by Thomson Reuters expect the firm to earn $2.99 per share for the quarter. Analysts' estimates typically exclude special items.
For the second-quarter of the previous year, Nucor had registered earnings of $5.81 per share.
Nucor is scheduled to release its second-quarter earnings result on July 22.
NUE was trading down by 2.02 percent at $151 in the pre-market on the New York Stock Exchange.
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