Investing.com
- United States Steel reported on Thursday third quarter earnings that missed
analysts' forecasts and revenue that topped expectations.
United States Steel announced earnings per share of $1.95 on
revenue of $5.20. Analysts polled by Investing.com anticipated EPS of $1.97 on
revenue of $4.88B.
United States Steel shares are down 18% from the beginning of the
year and are trading at $21.43 , down-from-52-week-high.
United States Steel shares gained 0.09% in after-hours trade the
report.
United States
Steel follows other major Materials sector earnings this month
United States Steel's report follows an earnings beat by Sherwin-Williams on Tuesday, who
reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59
on revenue of $5.81B.
Freeport-McMoran had
missed expectations on Thursday, October 20, 2022 with third quarter EPS of
$0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of
$5.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar