Strong net sales enabled United States Steel Corporation (X) to exceed expectations in the third quarter of 2021. The steel company also raised its quarterly dividend by 400%, pushing the shares up 7.2% during the extended trading session on Thursday. The company registered adjusted earnings per share (EPS) of $5.36, beating the consensus estimate of $4.81. It had reported a loss of $1.21 per share in the same quarter last year. Additionally, revenues during the quarter more than doubled on a year-over-year basis to $5.96 billion, exceeding analysts’ expectations of $5.79 billion. Meanwhile, adjusted EBITDA came in at $2.03 billion. Segment-wise, net sales for Flat-Rolled and U.S.
https://www.tipranks.com/news/u-s-steels-q3-revenue-shares-rise-7?utm_source=advfn.com&utm_medium=referral
US Steel (NYSE:X)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more US Steel Charts.
US Steel (NYSE:X)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more US Steel Charts.