Investing.com - United States Steel reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
United States Steel announced earnings per share of $3.64 on revenue of $5.62B. Analysts polled by Investing.com anticipated EPS of $4.63 on revenue of $5.51B.
United States Steel shares are down 1% from the beginning of the year and are trading at $18.59 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.23% from the start of the year.
United States Steel follows other major Materials sector earnings this month
United States Steel's report follows an earnings missed by Sherwin-Williams on Thursday, who reported EPS of $1.34 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had beat expectations on Wednesday with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9519 on revenue of $6.48B.
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