Stock Market News

U.S. Steel forecasts fourth-quarter surprise loss, shares fall

12/19/2024

Less than a minute

2024.12.19 17:20

© Reuters. FILE PHOTO: The U.S. Steel Corporation facility entry gate is seen in Gary, Indiana, U.S., on October 15, 2018. Picture taken on October 15, 2018. REUTERS/Rajesh Singh/File Photo

(Reuters) – United States Steel (NYSE:) 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.

12/19/2024

Less than a minute

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