Investing.com - United States Steel reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United States Steel announced earnings per share of $5.36 on revenue of $5.96B. Analysts polled by Investing.com anticipated EPS of $4.7 on revenue of $5.79B.
United States Steel shares are up 39.42% from the beginning of the year and are trading at $25.31 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
United States Steel shares gained 8.25% in after-hours trade the report.
United States Steel follows other major Basic Materials sector earnings this month
United States Steel's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.13 on revenue of $5.09B.
BASF ADR had beat expectations on Wednesday with third quarter EPS of $0.4522 on revenue of $22.81B, compared to forecast for EPS of $0.4387 on revenue of $20.64B.
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