Nucor Corp. (NUE) announced a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $844.84 million, or $3.46 per share. This compares with $1.14 billion, or $4.45 per share, in last year's first quarter.
Analysts on average had expected the company to earn $3.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.5% to $8.14 billion from $8.71 billion last year.
Nucor Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $844.84 Mln. vs. $1.14 Bln. last year.-EPS (Q1): $3.46 vs. $4.45 last year.-Revenue (Q1): $8.14 Bln vs. $8.71 Bln last year.
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