PITTSBURGH — United States Steel Corp. (X) on Tuesday reported a third-quarter loss of $207 million.
The Pittsburgh-based company said it had a loss of $1.42 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $2.16 per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The steel maker posted revenue of $4.59 billion in the period, also topping Street forecasts. Analysts expected $4.54 billion, according to Zacks.
U.S. Steel shares have increased 29 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 7 percent. In the final minutes of trading on Tuesday, shares hit $38.15, a climb of 63 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. X stock research report from Zacks.
Keywords:U.S. Steel,Earnings Report
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