Earnings Results: U.S. Steel stock rallies 7% after steel producer swings to profit, raises dividend
U.S. Steel Corp. stock jumped more than 7% in the extended trading session Thursday after the steel producer topped Wall Street expectations, swung to a quarterly profit and raised its dividend.
U.S Steel X said it earned $2 billion, or $6.97 a share, in the third quarter, swinging from a loss of $234 million, or $1.06 a share, in the year-ago quarter. Adjusted for one-time items, the company earned $5.36 a share in the quarter.
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