US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End
Portfolio Pulse from Erica Kollmann
United States Steel Corporation (NYSE:X) reported better-than-expected Q3 earnings and revenue, with EPS of 56 cents and revenue of $3.85 billion. The company aims to close a deal with Nippon Steel by year-end and expects Q4 adjusted EBITDA between $225 million and $275 million.
October 31, 2024 | 8:45 pm
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US Steel reported Q3 earnings of 56 cents per share, beating estimates, and revenue of $3.85 billion. The company plans to close a deal with Nippon Steel by year-end and expects Q4 EBITDA between $225M-$275M.
US Steel's better-than-expected Q3 results and positive guidance for Q4 EBITDA are likely to boost investor confidence. The planned closure of the Nippon Steel deal by year-end adds a positive outlook for future growth.
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