Why United States Steel Stock Plunged 18.5% in August [The Motley Fool]
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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US:NYSE Investor Relations:
ussteel.com/investors
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Source: The Motley Fool
The steel maker's stock looks incredibly cheap right now, but there's a problem. Neha Chamaria ( Nehams ) Sep 9, 2018 at 3:42PM What happened Shares of United States Steel ( NYSE:X ) plunged 18.5% in August, according to data from S&P Global Market Intelligence . The steelmaker announced its second-quarter earnings on the first day of the month, but there's more to the stock's drop than just the numbers. So what U.S. Steel's Q2 numbers came in better than expected. Not only did the company beat estimates on its top and bottom lines, but it also upgraded its full-year outlook for adjusted EBITDA (earnings before interest, tax, depreciation, and amortization). U.S. Steel now expects to earn $1.85 billion-$1.90 billion in adjusted EBITDA versus its previous guidance of $1.7 billion-$1.8 billion, thanks primarily to firmer steel prices. Price
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Sec Filings
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- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEFA14A
- X's page on the SEC website