March 18, 2014 / 1:25 PM / 3 years ago

Nucor sees first quarter earnings missing last forecast

1 Min Read

March 18 (Reuters) - Steelmaker Nucor Corp said on Tuesday it expects first-quarter earnings to be below its previous forecast in part because of severe weather.

Nucor forecast first-quarter earnings between 30 cents and 35 cents a share, up from 26 cents in the first quarter of 2013, but below fourth-quarter profit.

The company said in January that first-quarter earnings would likely be similar to fourth-quarter results, excluding the impact of a tax adjustment in the fourth quarter.

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