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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!