X beat expectations in Q3 amid headwinds from lower overall shipments and prices.
While the top- and bottom-line numbers for U.S. Steel (X) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
United States Steel (X) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $1.40 per share a year ago.
Get a deeper insight into the potential performance of U.S. Steel (X) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
U.S. Steel (X) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Former President Trump still opposes Nippon Steel's potential buy of United States Steel, but he says he might not be able to block it.
X is displaying leadership by delivering Certified Steel, which allows steel manufacturers and suppliers to analyze their sustainability progress.
US Steel's CEO, David Burritt, is standing firm on the company's planned $14.9 billion sale to Japan's Nippon Steel, expressing confidence that the deal will ultimately succeed despite vocal opposition from President Joe Biden and other political figures.
X's Q3 guidance reflects resilience amid pricing challenges, driven by strong flat-rolled demand and strategic investments.
Thursday, the iconic American steel maker offered a solid mid-quarter update. It offered a statement about the Nippon deal too.
Shares of U.S. Steel (X) advanced Wednesday amid a report that Nippon Steel has been given more time by Biden administration officials to provide information about its $14.9 billion takeover of the iconic American company.
United States Steel Corp (NYSE:X) is back in the news today, after a Reuters report indicated the U.S.' Committee on Foreign Investment (CIFUS) granted a request from both companies to push back the review of the Nippon merger 90 days.