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Nucor Shares Rise On Better-than-expected Outlook

Stock quotes in this article: NUE  

PITTSBURGH (AP) — Shares of Nucor Corp. rose Tuesday after the steel producer issued guidance for a smaller-than-expected second-quarter loss, saying its orders had risen recently.

The Charlotte, N.C.-based company said it anticipates a loss of 55 cents to 65 cents per share for the three months ending July 4. That would compare with a profit of $1.94 per share during the second quarter of 2008.

Analysts surveyed by Thomson Reuters, on average, had been forecasting a loss of 69 cents per share on revenue of $2.32 billion. Those estimates typically exclude one-time items. ...

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