United States Steel Corp Says Q3 Guidance Reflects Expected Impact On Q3 Financial Results From United Autoworkers Union Strike Announced
Portfolio Pulse from Benzinga Newsdesk
United States Steel Corp has announced that its Q3 guidance reflects the expected financial impact from the United Autoworkers Union strike. The company's stock symbol is X.
September 18, 2023 | 8:19 pm
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NEGATIVE IMPACT
The United Autoworkers Union strike is expected to impact U.S. Steel Corp's Q3 financial results.
Strikes often lead to production slowdowns or stoppages, which can negatively impact a company's financial results. In this case, U.S. Steel Corp has already indicated that the strike will impact its Q3 results, suggesting a potential negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100