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Nucor Corporation (NUE) Earnings Got Nuked By Low Prices

2013-07-19 09:25:10| Steel - Topix.net

Sales for the fiscal second quarter dropped nearly 9%, to $4.7 billion. Earnings, at $0.27 per diluted share, were down 23%, due primarily to the reduction in revenues, and exacerbated by an increase in monies spent on marketing, administrative, and other expenses.

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