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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