United States Steel Corporation (X) Releases Earnings Results, Misses Expectations By $-0.89 EPS

United States Steel Corporation (X) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $-2.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.89. Analysts had a consensus of $-1.26. The company posted revenue of $2341.00 million in the period, compared to analysts expectations of $2458.97 million. The company’s revenue was down -28.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on United States Steel Corporation. Company shares were Downgraded by UBS on Apr 8, 2016 to ” Sell”, Firm has raised the Price Target to $ 12 from a previous price target of $8 .Company shares were Reiterated by JP Morgan on Apr 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 28 from a previous price target of $17 .Company shares were Reiterated by Credit Suisse on Mar 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .

United States Steel Corporation closed down -0.1 points or -0.51% at $19.56 with 1,34,52,440 shares getting traded on Friday. Post opening the session at $19.43, the shares hit an intraday low of $19.34 and an intraday high of $20.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 24, 2015, Murry Gerber (director) purchased 7,800 shares at $16.88 per share price. According to the SEC, on Feb 6, 2015, David B Burritt (CFO) purchased 40,083 shares at $24.89 per share price. On Feb 3, 2015, Patricia Diaz Dennis (director) purchased 1,000 shares at $24.00 per share price, according to the Form-4 filing with the securities and exchange commission.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled) U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Company’s railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) the Company’s steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities primarily in the United States and equity investees in the United States and Brazil.

United States Steel Corporation

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