Rosenblatt Raises Price Target on U.S. Steel (X) to $35; Reiterates Buy

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Go back to Rosenblatt Raises Price Target on U.S. Steel (X) to $35; Reiterates Buy

United States Steel Corporation Declares Dividend

July 26, 2016 5:04 PM EDT

PITTSBURGH, July 26, 2016 /PRNewswire/ -- United States Steel Corporation (NYSE: X) announced today that its Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock.  The dividend is payable September 10, 2016, to stockholders of record at the close of... More

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