U.S. Steel Bent By Poor Results, Guidance

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  • United States Steel Corporation X reports Q3 EPS of $0.40, missing the Street’s consensus by $0.40.
  • Revenue of $2.67 billion, down 5.7 percent year-over-year, also fell $150 million short of expectations.
  • For the full year, management expects a net loss of $(2.26) per share, larger than analyst expectations for $(1.07) per share.
  • Shares are trading down 5 percent at $17.80 after hours.
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