US Steel climbs with the outlook











Photo credit © Reuters


(Boursier.com) — U.S. Steel, the American steel group, climbed before the stock market on Wall Street, on solid forecasts for the second fiscal quarter. Yesterday evening, the group therefore announced that it expects adjusted net earnings per share for the period ranging from $3.83 to $3.88. “We expect to continue to deliver record performance in the second quarter, with each business segment contributing significantly to profitability,” commented US Steel President and CEO David B. Burritt. “Our broad end-market exposure allows us to remain resilient, with demand coming from a diverse customer base, including in the resurgent energy market. Our focus on strategic end-markets and the continued delivery of Significantly increased fixed-price contracts should again deliver another quarter of record performance.”


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