CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Nucor Corp. (NUE) on Monday reported first-quarter net income of $743 million.
The Charlotte, North Carolina-based company said it had profit of $3.23 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The steel company posted revenue of $9.5 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $8.66 billion.
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