United States Steel Projects Improved Adjusted Results In Q3 - Quick Facts

(RTTNews) - United States Steel Corp. (X) announced the company expects its third quarter adjusted loss per share to be approximately $1.45. On average, nine analysts polled by Thomson Reuters expect the company to report a loss per share of $1.53, for the quarter. Analysts' estimates typically exclude special items.

For third quarter, the company projects adjusted net loss attributable to company of $320 million. Adjusted EBITDA is anticipated to be negative at approximately $100 million.

"Improving market conditions experienced in June and July have accelerated through August and September. Strengthening steel fundamentals and our ability to respond quickly to increasing customer demand are expected to result in significantly improved adjusted EBITDA in the third quarter," said CEO David Burritt.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More