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Nucor: 4Q Earnings Snapshot

CHARLOTTE, N.C. (AP) _ Nucor Corp. (NUE) on Tuesday reported fourth-quarter net income of $646.8 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $2.07.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The steel company posted revenue of $6.3 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $6.29 billion.

For the year, the company reported profit of $2.36 billion, or $7.42 per share. Revenue was reported as $25.07 billion.

Nucor shares have climbed 13 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 5.5 percent. The stock has decreased 16 percent in the last 12 months.

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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