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Nucor Sees Narrower Loss (Update)

Stock quotes in this article: NUE , X , STLD , AKS , MT  

Updated from 11:19 a.m. EDT

Nucor(NUE Quote) issued a slightly more bullish outlook for its next quarter, saying losses will be narrower than expected.

The nation's biggest steelmaker and scrap-metal recycler also made a balance-sheet boast, hinting that its acquisitive ways may soon continue.

Nucor said it now expects its bottom line in the second quarter to show a per-share loss of between 55 cents and 65 cents. Analysts were looking for a 69-cent loss. ...

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