CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Nucor Corp. (NUE) on Monday reported fourth-quarter profit of $378 million.
The Charlotte, North Carolina-based company said it had profit of $1.64 per share. Earnings, adjusted for asset impairment costs, were $1.73 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The steel company posted revenue of $7.69 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $7.68 billion.
For the year, the company reported profit of $1.74 billion, or $7.52 per share. Revenue was reported as $32.49 billion.
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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
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