PITTSBURGH — USX Corp., supported by strong earnings in its steel and Marathon Oil subsidiaries, Tuesday reported a third-quarter profit of $140 million, up sharply from a third-quarter loss last year.
USX said the third-quarter profit of 46 cents per share came on sales of $3.9 billion, contrasted with a third-quarter loss of $183 million on sales of $3.3 billion last year.
For the first nine months, USX reported a profit of $233 million on sales of $10.6 billion. During the same period of 1986, it posted a loss of $418 million on sales of $12.2 billion.
The company's Marathon Oil and Texas Oil & Gas subsidiaries reported operating income of $120 million on sales of $2.5 billion in the third quarter, contrasted with an operating loss of $12 million on sales of $2 billion in the third quarter a year ago.