U.S. Steel's (X) Q1 Earnings And Revenues Beat Estimates

United States Steel Corporation X swung to a profit in first-quarter 2018, backed by improved results across all three of its reporting segments.

The steel giant reported net earnings of $18 million or 10 cents per share in the quarter against net loss of $180 million or $1.03 recorded a year ago. Barring one-time items, adjusted earnings came in at 32 cents per share that beat the Zacks Consensus Estimate of earnings of 29 cents.

Revenues rose roughly 15.6% year over year to $3,149 million in the quarter. The figure also surpassed the Zacks Consensus Estimate of $3,100.5 million.

United States Steel Corporation Price, Consensus and EPS Surprise

United States Steel Corporation Price, Consensus and EPS Surprise | United States Steel Corporation Quote

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