U.S. Steel’s Quarterly Results Top Wall Street Estimates

    Author Caroline HarrisPosted on Categories Basic MaterialsTags , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    Quarterly Results

    In Tuesday’s extended trading session, U.S. Steel Corp. (NYSE:$X) saw its shares skyrocket after the company’s quarterly results topped Wall Street estimates.

    Quarterly Results

    The shares of the Pittsburgh-based company rallied 10% to $26.90 after hours. Looking at the quarterly results, one can see that the steel marker had Q2 earnings of $1.48 a share on revenue of $3.14 billion. Analysts were surveyed by FactSet, and the results indicated that the analysts had an estimated earnings of 36 cents a share on revenue of $2.98 billion. U.S. Steel Corp. forecasts full-year earnings of $1.70 a share, and analysts estimate earnings of 84 cents a share.

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    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.