Nucor Corp. Reports Strong Q4 Earnings, Exceeding Wall Street Expectations
Nucor Corp. (NUE) announced fourth-quarter net income of $287 million, resulting in earnings per share of $1.22. This surpassed analysts' expectations, as the average estimate from Zacks Investment Research predicted earnings of only 64 cents per share.
Revenue for the quarter also exceeded forecasts, reaching $7.08 billion. The consensus forecast from Zacks was $6.6 billion.
For the full year, Nucor reported a profit of $2.03 billion, or $8.46 per share, with revenue totaling $30.73 billion.
These results reflect the continued strength of the steel industry and Nucor's position as a leading producer.