Nucor Corp. Profit Drops In Q4, but beats estimates

Nucor Corp. (NUE) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $1.26 billion, or $4.89 per share. This compares with $2.25 billion, or $7.97 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $4.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 15.8% to $8.72 billion from $10.36 billion last year.

Nucor Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $1.26 Bln. vs. $2.25 Bln. last year.
-EPS (Q4): $4.89 vs. $7.97 last year.
-Analyst Estimates: $4.19
-Revenue (Q4): $8.72 Bln vs. $10.36 Bln last year.

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