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U.S. Steel reports Q4 loss, shares drop after hours despite analyst "Moderate Buy" rating.
United States Steel (X) provided Q4 earnings guidance, projecting a loss of $0.29 to $0.25 per share, worse than the expected $0.22.
Despite this, shares rose midday to $31.72 but dropped 4.54% after hours.
The company attributed the weak outlook to lower steel prices, higher costs, and weak demand in Europe.
Analysts still rate the stock as a "Moderate Buy" with a target price of $42.80.
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U.S. Steel reporta pérdida Q4, las acciones caen después de horas a pesar de la calificación de analista "Moderate Buy".