Nucor Corp. Profit Declines In Q4, But Beats Estimates

(RTTNews) - Nucor Corp. (NUE) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $287 million, or $1.22 per share. This compares with $785 million, or $3.16 per share, last year.

Analysts on average had expected the company to earn $0.63 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 8.2% to $7.076 billion from $7.705 billion last year.

Nucor Corp. earnings at a glance (GAAP) :

-Earnings: $287 Mln. vs. $785 Mln. last year. -EPS: $1.22 vs. $3.16 last year. -Revenue: $7.076 Bln vs. $7.705 Bln last year.