Summary
Taking advantage of strong global demand and pricing, U.S. Steel Corp.'s stock price rose 14 percent on Tuesday after it reported a 123 percent jump in second-quarter profits.
U.S. Steel said its second-quarter net income rose to $668 million, or $5.65 per share, compared to second-quarter 2007 earnings of $302 million, or $2.54 per share. The Pittsburgh-based steelmaker set quarterly records for earnings and sales, which rose to $6.74 billion from $4.22 billion in the same period a year ago.See the full content of this document
Extract
U.S. Steel Profits Surge 123 Percent
"All three reportable segments posted record results, reflecting strong operating performance and favorable global pricing dynamics,...
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