The second quarter earnings outcome includes an estimated LIFO accounting charge of $47 million, compared with an a credit of $125 million in the year-ago second quarter.
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Nucor now expects second-quarter earnings to be in the range of 20 cents to 25 cents a share, compared with a loss of 43 cents a share a year ago. The company said in a press release that the most challenging markets for its products continue to be those associated with residential and non-residential construction; they remain weak.
-- Reported by Andrea Tse in New York
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