Nucor is looking forward to reporting a relatively good quarter. Today, the company unveiled its guidance for the current third quarter, saying that it expects earnings of $0.35 to $0.40 per diluted share. This would be a notable improvement over the previous quarter's $0.27, and should rival Q3 2012's $0.35.
The range is also broadly in line with the average analyst projection of $0.38.
Nucor cited improvement in the operating performance of its steel mills segment as a key reason for the expected EPS improvement. In the press release detailing its estimates, the company said that the profitability of sheet steel improved on a quarter-over-quarter basis "as a result of competitor supply disruptions, customer inventory restocking and some market demand improvement."
Nucor's third quarter ends on September 28.
The article Nucor Releases Guidance for Q3 originally appeared on Fool.com.
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