Investing.com - United States Steel reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
United States Steel announced earnings per share of $-0.27 on revenue of $2562M. Analysts polled by Investing.com anticipated EPS of $-0.6178 on revenue of $2.59B.
United States Steel shares are up 11.69% from the beginning of the year and are trading at $18.73 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
United States Steel follows other major Basic Materials sector earnings this month
United States Steel's report follows an earnings beat by Sherwin-Williams on Thursday, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on Monday with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7088 on revenue of $2.03B.
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