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PITTSBURGH (AP) -- United States Steel Corp. (X) on Tuesday reported a loss of $173 million in its third quarter.
The Pittsburgh-based company said it had a loss of $1.18 per share. Losses, adjusted for non-recurring costs and restructuring costs, were 70 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The steel maker posted revenue of $2.83 billion in the period.
U.S. Steel shares have dropped 52 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2.5 percent. In the final minutes of trading on Tuesday, shares hit $12.94, a decline of 67 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on X at http://www.zacks.com/ap/X
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Keywords: United States Steel, Earnings Report
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
United States Steel is a iron and tin producing company based in United states of america. United States Steel is listed in United States of America. Its market capitalisation is US$ 6.4 billions as of today (€ 5.7 billions). Its stock quote reached its lowest recent point on March 28, 2003 at US$ 10.01, and its highest recent level on November 30, 2007 at US$ 98.85. United States Steel has 176 184 431 shares outstanding. |