U.S. Steel stock rises after revenue beat

United States Steel Corp.

X, -4.16%

shares rose 2.1% in the extended session Thursday after the company beat revenue expectations and reported narrower-than-expected losses. The company reported third-quarter net losses of $84 million, or 49 cents a share, compared with net income of $291 million, or $1.62 a share, in the year-ago period. Adjusted for restructuring charges, among other things, losses were 21 cents a share. Revenue fell to $3.07 billion from $3.73 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 25 cents a share on sales of $3.05 billion. For the fourth quarter, analysts model adjusted losses of 57 cents a share on sales of $2.85 billion. U.S. Steel stock has fallen 37% this year, with the S&P 500 index

SPX, -0.30%

rising 22%.

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