CHARLOTTE, N.C. (AP) _ Nucor Corp. (NUE) on Thursday reported second-quarter net income of $1.51 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $5.04.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.81 per share.
The steel company posted revenue of $8.79 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $8.31 billion.
Nucor shares have risen 75% since the beginning of the year, while the S&P's 500 index has climbed 16%. The stock has more than doubled 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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