CHARLOTTE, N.C. (AP) _ Nucor Corp. (NUE) on Tuesday reported first-quarter earnings of $501.8 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.63. Earnings, adjusted for non-recurring gains, came to $1.55 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The steel company posted revenue of $6.1 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $6.03 billion.
Nucor shares have increased 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has decreased 12 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NUE at https://www.zacks.com/ap/NUE