Steel producer United States Steel Corporation ( X ) reported an increase in third quarter earnings on Wednesday, beating analysts estimates.
The Pittsburgh, PA based company reported third quarter profit of $44 million, or 28 cents a share, compared with $22 million, or 15 cents a share from last year.
Reported revenue declined to $4.65 billion down from $5.08 billion from last year. Reported revenue exceeded analysts expectations of $4.64 billion for the third quarter.
United States Steel Corporation shares were mostly flat during premarket trading Wednesday.
United States Steel Corporation( X ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars.
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