United States Steel Corp.
X,
offered an earnings outlook that exceeded the FactSet consensus Monday as the company noted it was benefiting from higher selling prices. U.S. Steel expects to see $1.81 to $1.86 in adjusted earnings per share this year, the company said in a Monday release. The FactSet consensus was for $1.76 a share in adjusted earnings. Chief Executive David Burritt called out the company’s “diverse order book, the realization of higher selling prices and management actions that continue to improve operational metrics and cost performance throughout our segment” in discussing the latest forecast. Shares were down 0.9% in premarket trading Tuesday.
Read the full article here
