November 1, 2018 / 8:23 PM / 11 days ago

United States Steel quarterly profit nearly doubles

Nov 1 (Reuters) - United States Steel Corp’s reported a quarterly profit on Thursday that nearly doubled as steel prices got a boost from the Trump administration’s hefty tariffs.

Net income attributable to the company rose to $291 million, or $1.62 per share, in the third quarter ended Sept. 30, from $147 million, or 83 cents per share, a year earlier.

Revenue rose to $3.73 billion from $3.25 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Shounak Dasgupta)

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