logo
Plus   Neg
Share
Email

U.S. Steel Sees Q3 Results Above View - Quick Facts

United States Steel Corp. (X) said it expects third quarter 2019 net loss to be in a range of $84 million - $94 million or $0.49 - $0.55 per share, and adjusted net loss of $35 million - $45 million or $0.20 - $0.26 per share. Analysts polled by Thomson Reuters expect the company to report a loss of $0.33 per share for the third-quarter. Analysts' estimates typically exclude special items.

"Stronger shipments and better than expected manufacturing performance in our Flat-rolled segment, as well as a contingency gain from recovered claims arising out of the bankruptcy of a supplier drove better than expected results," the company said in a statement.

The company projects total net sales to be between $3.040 billion and $3.075 billion for the third-quarter. Analysts expect revenue of $3.02 billion for the quarter.

The company plans to report third quarter 2019 financial results after market close on October 31, 2019.

In Thursday's pre-market trade, X is trading at $10.25, up $0.15 or 1.49 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from... CVS Health Corp. launched 13 new HealthHUB locations in CVS Pharmacy stores across Philadelphia and South New Jersey. The healthcare company said it developed the HealthHUB store format to help people manage chronic conditions more conveniently and affordably. The store also features health and wellness products, clinical services and expertise.
RELATED NEWS
Follow RTT
>