PITTSBURGH (AP) — PITTSBURGH (AP) — United States Steel Corp. (X) on Thursday reported third-quarter earnings of $119 million.
On a per-share basis, the Pittsburgh-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 56 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The steel maker posted revenue of $3.85 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.74 billion.
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