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Basic Materials | Steel & Iron | USA
U.S. Steel Sees Q3 Loss as Weak Prices Hurt Flat-Rolled Unit
United States Steel Corporation X has issued downbeat guidance for the third quarter of 2019. It expects to record adjusted loss per share of roughly 35 cents for the quarter.
The steel maker recorded adjusted earnings of 45 cents per share in the previous quarter and $1.79 per share a year ago.
The company’s projected loss for the quarter is also wider than expected. The Zacks Consensus Estimate for the third quarter is currently pegged at a loss of 12 cents per share.
U.S. Steel envisions adjusted EBITDA for the third quarter to be roughly $115 million. The projected figure excludes roughly $53 million of estimated impacts from the fire at the company’s Clairton coke making facility in December 2018.
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https://finance.yahoo.com/news/u-steel-s...11679.html
![[Bild: Xc1dl1410.png]](https://finviz.com/publish/091919/Xc1dl1410.png)
U.S. Steel Sees Q3 Loss as Weak Prices Hurt Flat-Rolled Unit
United States Steel Corporation X has issued downbeat guidance for the third quarter of 2019. It expects to record adjusted loss per share of roughly 35 cents for the quarter.
The steel maker recorded adjusted earnings of 45 cents per share in the previous quarter and $1.79 per share a year ago.
The company’s projected loss for the quarter is also wider than expected. The Zacks Consensus Estimate for the third quarter is currently pegged at a loss of 12 cents per share.
U.S. Steel envisions adjusted EBITDA for the third quarter to be roughly $115 million. The projected figure excludes roughly $53 million of estimated impacts from the fire at the company’s Clairton coke making facility in December 2018.
...
https://finance.yahoo.com/news/u-steel-s...11679.html
