Nucor Corp. (NUE), a producer of steel and associated products, issued a revised earnings forecast for the second quarter on Friday, which significantly falls short of analysts' predictions.
The company anticipates second-quarter earnings to range between $2.20 and $2.30 per share.
In comparison, the average estimate from nine analysts surveyed by Thomson Reuters predicts earnings of $2.99 per share for the same period. Analysts' projections typically exclude any special items.
In the second quarter of the prior year, Nucor reported earnings of $5.81 per share.
Nucor plans to release its second-quarter earnings report on July 22.
In pre-market trading on the New York Stock Exchange, NUE shares were down by 2.02 percent, priced at $151.
