Investing.com - United States Steel reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
United States Steel announced earnings per share of $1.95 on revenue of $5.20. Analysts polled by Investing.com anticipated EPS of $1.97 on revenue of $4.88B.
United States Steel shares are down 18% from the beginning of the year and are trading at $21.43 , down-from-52-week-high.
United States Steel shares gained 0.09% in after-hours trade the report.
United States Steel follows other major Materials sector earnings this month
United States Steel's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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