U.S. Steel forecasts fourth-quarter surprise loss

Business

U.S. Steel forecasts fourth-quarter surprise loss

Thu, Dec 19, 2024 0 Comments

Audio By Carbonatix

(Reuters) – United States Steel on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading.

The company expects an adjusted loss of between 29 cents and 25 cents for the quarter, compared with analysts’ average estimate of a profit of 16 cents, according to data compiled by LSEG.

(Reporting by Sriparna Roy in Bengaluru; Editing by Shreya Biswas)

Previous Portland, Oregon, swears in new government and mayor who campaigned to end homelessness

Next Morning Bid: Seeking respite from Fed; PBOC set to hold the line

Salem News Channel | Today

More Business Headlines

Other News to Consider

Follow SRNNews.com

on Facebook

@SRNNews

Subscribe to our Newsletters RSS Feeds

Salem Media, our partners, and affiliates use cookies and similar technologies to enhance your browsing experience, analyze site traffic, personalize site content, and deliver relevant video recommendations. By using this website and continuing to navigate, you consent to our use of such technologies and the sharing of video viewing activity with third-party partners in accordance with the Video Privacy Protection Act and other privacy laws. Privacy Policy

X CLOSE

Email to a Friend

U.S. Steel forecasts fourth-quarter surprise loss

(Reuters) – United States Steel on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading. The company expects an adjusted loss of between 29 cents and 25 cents for the quarter, compared with analysts’ average estimate of a profit of 16 cents, according to data compiled […]

X close