BofA/Merrill Lynch Downgrades US Steel (X) to Underperform

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/2/2026

1. CRWD
2. REGN
3. ABBV
4. LITE
5. CL
6. TFII
7. LYB
8. NVT
9. SPY
10. AAPL

Go back to BofA/Merrill Lynch Downgrades US Steel (X) to Underperform

United States Steel Corporation Reports Improved 2016 Second Quarter Results And Stronger Cash And Liquidity Position

July 26, 2016 4:50 PM EDT

PITTSBURGH, July 26, 2016 /PRNewswire/ -- United States Steel Corporation (NYSE: X) reported a second quarter 2016 net loss of $46 million, or $0.32 loss per diluted share, which included a favorable adjustment of $23 million, or $0.16 per diluted share, associated with a change in estimate for supplemental unemployment, severance and health care continuation costs and a loss on debt extinguishment of $24 million, or $0.17 loss per diluted share.  This compared to a second quarter 2015 net loss of $261 million, or $1.79 loss per diluted share, and a first quarter 2016 net loss of $340 million, or $2.32 loss per diluted share. 

For a description of the non-generally accepted... More