NEW YORK (TheStreet) -- Shares of Nucor Corp. (NUE) - Get Report are down by 1.71% to $35.09 on Thursday morning, after the company reported its 2015 fourth quarter earnings results.

Before the market open, the Charlotte, NC-based company reported earnings of 46 cents per diluted share, topping analysts' estimates of 23 cents per share.

Revenue for the quarter was $3.46 billion, which missed analysts' expectations of $3.66 billion.

Nucor and its affiliates are manufacturers of steel products, carbon and alloy steel with operating facilities primarily in the U.S. and Canada.

"Negative pricing trends and low volumes are due to continued deterioration in global steel markets amplified by global excess capacity and historically high import levels," the company said in a statement.

"Although the trade remedy process has not moved as quickly as we would like, we believe that preliminary antidumping and countervailing duties and affirmative critical circumstances findings in the steel sheet cases should have a positive impact on domestic sheet mills in the first half of 2016."

Separately, TheStreet Ratings Team has a "hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

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The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.

As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: NUE

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