RESEARCH TRIANGLE PARK – It’s earnings season with North Carolina-based Highwoods, Live Oak Bancshares and Nucor reporting their latest quarterly updates. And they met or topped analysts’ expectations.

  • Highwoods

RALEIGH — Highwoods Properties Inc. (HIW) on Tuesday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.

The Raleigh, North Carolina-based real estate investment trust said it had funds from operations of $101 million, or 94 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 94 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $42.3 million, or 40 cents per share.

The real estate investment trust, based in Raleigh, North Carolina, posted revenue of $207.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $209.8 million.

Highwoods Properties expects full-year funds from operations in the range of $3.69 to $3.81 per share.

  • Live Oak Bancshares

WILMINGTON  — Live Oak Bancshares Inc. (LOB) on Tuesday reported second-quarter net income of $17.5 million.

The Wilmington, North Carolina-based bank said it had earnings of 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The bank holding company posted revenue of $193.9 million in the period. Its revenue net of interest expense was $108.5 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $107.3 million.

  • Nucor

CHARLOTTE — Nucor Corp. (NUE) on Monday reported second-quarter net income of $1.46 billion.

The Charlotte, North Carolina-based company said it had profit of $5.81 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.59 per share.

The steel company posted revenue of $9.52 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $9.73 billion.