Why United States Steel Shares Are Trading Higher Today

Why United States Steel Shares Are Trading Higher Today

United States Steel X shares are trading higher after the company reported better-than-expected Q4 EPS and sales results.

United States Steel reported quarterly earnings of $0.87 per share, which beat the analyst consensus estimate of $0.63. The company reported quarterly sales of $4.34 billion, also beating the analyst consensus estimate of $3.94 billion.

Commenting on the company's performance, U.S. Steel President and Chief Executive Officer David B. Burritt said, "2022 was another exceptional year for U.S. Steel, marking our second-best financial performance in the Company's history. Our fourth quarter results exceeded our guidance expectations thanks to the combined efforts of our domestic steelmaking operations and Tubular segment."

X Price Action: United States Steel has a 52-week high of $39.25 and a 52-week low of $16.41.

United States Steel shares were up 3.81% at $30.35 at time of publication, according to Benzinga Pro.

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