Investing.com - United States Steel (NYSE:X) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
United States Steel announced earnings per share of $1.08 on revenue of $3.66B. Analysts polled by Investing.com anticipated EPS of $0.8656 on revenue of $3.68B.
United States Steel shares are up 34.17% from the beginning of the year, still down 17.82% from its 52 week high of $27.38 set on March 31. They are outperforming the EUR/USD which is down 0% from the start of the year.
United States Steel shares lost 1.82% in after-hours trade following the report.
United States Steel follows other major Basic Materials sector earnings this month
United States Steel's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.51B.
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