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Nucor Corporation Issues Q2 2012 EPS Guidance; Comments On Q2 2012 Earnings Guidance
Nucor Corporation announced that for the second quarter of 2012, it expects results to be in the range of $0.35 to $0.40 per diluted share. These projected results include an expected impairment charge related to Duferdofin Nucor S.r.l. joint venture of approximately $30 million ($0.09 per diluted share). For the second quarter of 2012, it currently expect to see only a modest improvement in earnings. Excluding the impact of the impairment charge, this range is lower than second quarter 2011 earnings of $0.94 per diluted share and is similar to the first quarter of 2012 earnings of $0.46 per diluted share.
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