Plus   Neg

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
Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network.
Follow RTT