logo
Plus   Neg
Share
Email

United States Steel Corp. Issues Q1 Guidance - Quick Facts

United States Steel Corp. (X) said, for the first quarter, the company projects adjusted EBITDA to be approximately $30 million. Adjusted loss per share is projected to be approximately $0.80. Analysts polled by Thomson Reuters expect the company to report a loss per share of $0.84. Analysts' estimates typically exclude special items.

Regarding the Coronavirus outbreak, the company said it continues to monitor demand levels and plans to provide more information during first quarter earnings call.

CEO David Burritt said: "Through the quarter, our Flat-rolled operations have performed well. The Tubular market continues to be challenging and conditions in Europe remain volatile. We are focused on preserving cash and liquidity in the current market environment."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
U.S. retailers Best Buy Co. Inc., Abercrombie & Fitch Co., and Dollar Tree Inc. on Tuesday reported results for the third quarter that surpassed analysts' expectations. The upbeat results indicate that retailers have largely recovered from the impact of the coronavirus pandemic just as the holiday season approaches. The companies have also intensified their focused on digital sales. The U.S. Food and Drug Administration approved the first drug to treat primary hyperoxaluria type 1 (PH1), an ultra-rare genetic disorder which causes recurrent kidney stones and loss of kidney function. Alnylam Pharmaceuticals' Oxlumo (lumasiran) in the form of injection lowers urinary oxalate levels in pediatric and adult patients. The U.S. federal government's General Services Administration or GSA has awarded a five-year federal transportation contract, estimated to be worth up to $810 million, to Uber Technologies Inc. and Lyft Inc., according to multiple reports. Under the contract, the ride-hailing companies would provide services to various public agencies and their around 4 million employees across the nation.
Follow RTT