U.S. Steel sees 'stronger' quarter ahead on improved steel market

Shares of U.S. Steel Corp. rose 2% in the extended session Thursday after the steel producer topped expectations for its first quarter, saying that it sees an"improved market" and believes that the current quarter will be"stronger." U.S. Steel earned $199 million, or 78 cents a share, in the first quarter, compared with $882 million, or $3.02 a share, in the year-ago period. Adjusted for one-time items, the company earned 77 cents a share. Revenue dropped to $4.

X rose 2% in the extended session Thursday after the steel producer topped expectations for its first quarter, saying that it sees an"improved market" and believes that the current quarter will be"stronger." U.S. Steel earned $199 million, or 78 cents a share, in the first quarter, compared with $882 million, or $3.02 a share, in the year-ago period. Adjusted for one-time items, the company earned 77 cents a share. Revenue dropped to $4.5 billion, from $5.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boulder startup has big backing to revolutionize steel-making industryA Boulder startup has combined forces with industrial titans to make steel more environmentally-friendly. And they're getting the attention of investors like Amazon. Brian Sanders Denver7 shares his latest In Good Company report.
Source: DenverChannel - 🏆 239. / 63 Read more »

Honeywell buying Compressor Controls Corp. for $670 mln in deal that will add to its earningsHoneywell International Inc. said Wednesday it will pay $670 million to buy Compressor Controls Corp. from private equity firm Clayton, Dubilier & Rice and...
Source: MarketWatch - 🏆 3. / 97 Read more »