Tap Into the "Future of America"

This Wall Street legend is stepping forward with a new bold claim... And an incredible opportunity to tap directly into an energy source that's being called the "Future of America." This strategy returned 10x the oil market in March, and Larry has found examples of this strategy returning 54%, 65%, and 176% since.

US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End

Erica Kollmann
October 31, 2024

United States Steel Corporation (NYSE:X) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.  

The Details: U.S. Steel reported quarterly earnings of 56 cents per share which beat the analyst consensus estimate of 47 cents. Quarterly revenue came in at $3.85 billion, which beat the consensus estimate of $3.77 billion.

U.S. Steel said it will continue to work to close the deal with Nippon Steel by the year’s end.

Read Next: Reddit ‘Remains A Favorite’ For Wall Street After ‘Emphatic Beat And Raise’ In Q3

“Third quarter adjusted EBITDA of $319 million demonstrated resilience in our business model despite the weaker average selling prices experienced across our operating segments. The North American Flat-Rolled segment continued to benefit from a strong commercial strategy that leveraged a diverse product mix and a purposeful increase in contracted volumes across the end markets we serve,” said U. S. Steel CEO David B. Burritt.

Outlook: U.S. Steel said it expects fourth-quarter adjusted EBITDA in the range of $225 million to $275 million.

X Price Action: According to Benzinga Pro, U.S. Steel shares are down 0.90% after-hours at $38.50 at the time of publication Thursday.

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