The "Mar-A-Lago Accord" Is Now Underway

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

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.

Read Also: 

  • Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: ‘Zeroing In’ On Right Issues

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