| US Steel reports 3Q loss | |
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PITTSBURGH (AP) -- United States Steel Corp. (X) on Tuesday reported a third-quarter loss of $207 million.
The Pittsburgh-based company said it had a loss of $1.42 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $2.16 per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The steel maker posted revenue of $4.59 billion in the period, also topping Street forecasts. Analysts expected $4.54 billion, according to Zacks.
U.S. Steel shares have increased 29 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 7 percent. In the final minutes of trading on Tuesday, shares hit $38.15, a climb of 63 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. X stock research report from Zacks.
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Keywords:U.S. Steel,Earnings Report
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
United States Steel is a iron and tin producing company based in United states of america. United States Steel is listed in United States of America. Its market capitalisation is US$ 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. |