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Nucor’s 1Q earnings up 416 percent

Nucor Corp. this morning said it had higher earnings in the first quarter of 2011.

The Charlotte-based company’s earnings rose to $159.8 million, or 50 cents per diluted share, up 416 percent from earnings of $31 million, or 10 cents per diluted share, in the first quarter of 2010.

Nucor manufactures steel products.

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