Nucor is expected to report fourth-quarter profits lower than Wall Street's expectations.

Gelonghui, December 17 | United States Steel manufacturer Nucor Corporation expects that fourth-quarter profits will fall short of Wall Street expectations, stating that the decline in its steel mill sector's revenues is due to a reduction in output and a decrease in average sales prices. The company expects fourth-quarter diluted earnings per share to be between $0.55 and $0.65, below the Analyst's expectation of $0.90. However, the company anticipates that its raw materials sector's earnings will increase year-on-year in the fourth quarter.

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Nucor Warns of Big Hit to 4Q Earnings From Lower Steel Prices

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Nucor: Largest Driver for Expected Decrease in Earnings in 4Q Is Decreased Earnings of Steel Mills Segment Caused by Decreased Volumes and Lower Avg Selling Prices >NUE

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