CHARLOTTE, N.C. (AP) _ Nucor Corp. (NUE) on Thursday reported third-quarter earnings of $193.4 million.
The Charlotte, North Carolina-based company said it had net income of 63 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The steel company posted revenue of $4.93 billion in the period.
Nucor shares have decreased 14% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 6%. The stock has decreased 6.5% in the last 12 months.
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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