Nucor Corp. (NUE) reported a decrease in its fourth-quarter earnings compared to the previous year, yet exceeded market expectations. The firm posted a net income of $287 million, or $1.22 per share, contrasting with the prior year’s $785 million, or $3.16 per share. On average, analysts had anticipated earnings of $0.63 per share, although these forecasts generally omit special items. Meanwhile, the company's quarterly revenue saw an 8.2% decline, dropping from $7.705 billion to $7.076 billion.
Summary of Nucor Corp.'s financial performance (GAAP):
- Earnings: $287 million versus $785 million in the previous year.
- Earnings per Share (EPS): $1.22 compared to $3.16 last year.
- Revenue: $7.076 billion versus $7.705 billion last year.
