Nucor Says Quarterly Profit to Be 35-40 Cents a Share

(Corrects headline and second paragraph to remove erroneous description of forecast.)

Nucor Corp. (NUE) said it expects second- quarter earnings will be 35 cents to 40 cents a share.

Excluding an impairment charge, the profit is “somewhat below the qualitative guidance” the company gave when reporting its first-quarter results, when it said “we currently expect to see only a modest improvement in earnings,” the Charlotte, North Carolina-based company said today in a statement.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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