United States Steel Q1 2024 Adj. EPS $0.82, Inline, Sales $4.160B Miss $4.207B Estimate
Portfolio Pulse from Benzinga Newsdesk
United States Steel (NYSE:X) reported Q1 2024 earnings of $0.82 per share, meeting analyst estimates, but missed revenue expectations with $4.160B against a forecast of $4.207B, marking a 6.94% decrease from the previous year.
May 02, 2024 | 8:18 pm
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United States Steel reported Q1 2024 earnings per share of $0.82, aligning with estimates, but its revenue of $4.160B missed expectations by a slight margin and showed a 6.94% decrease from the previous year.
The company's ability to meet EPS estimates may provide some positive sentiment, but the revenue miss and year-over-year sales decrease could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on the stock price, as investors weigh the earnings hit against the revenue miss.
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