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U.S. Steel (X) Warms Up to Q3: Another Earnings Beat Coming?-The 19th China (Guangzhou ) Int’l Casting product Exhibition
10/31/2017 casting expo-Die-casting expo-foundry expo |
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United States Steel Corporation X is set to release its third-quarter 2017 results after the bell on Oct 31.
The steel giant recorded a profit of $261 million or $1.48 per share in second-quarter 2017, helped by strong results in its Flat-Rolled unit. Adjusted earnings came in at $1.07 per share for the quarter that topped the Zacks Consensus Estimate of 40 cents.
Revenues rose roughly 22% year over year to $3,144 million in the quarter, also surpassing the Zacks Consensus Estimate of $2,975 million.
U.S. Steel beat the Zacks Consensus Estimate in two of the trailing four quarters, while missing in the other two with an average positive surprise of 584.1%.
U.S. Steel has outperformed the industry it belongs to over a year. The company’s shares have gained around 43.4% over this period, compared with roughly 32.1% gain recorded by the industry.
-The 19th China (Guangzhou ) Int’l
Casting product Exhibition
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2018 Casting Expo,
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