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Nucor: 1Q Earnings Snapshot

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