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.
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US Steel (NYSE:X)
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