CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Nucor Corp. (NUE) on Monday reported second-quarter net income of $1.16 billion.
The Charlotte, North Carolina-based company said it had profit of $5.04 per share. Earnings, adjusted for non-recurring gains, came to $4.84 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.57 per share.
The steel company posted revenue of $10.4 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $10.06 billion.
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