Nucor: Q1 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Nucor Corp. (NUE) on Monday reported first-quarter profit of $844.8 million.

The Charlotte, North Carolina-based company said it had net income of $3.46 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.

The steel company posted revenue of $8.14 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $8.03 billion.

_____

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