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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Sinks in After-Hours Trading on Earnings Miss

NEW YORK (TheStreet) -- Shares of U.S. Steel (X - Get Report) were falling 8.4% to $11.85 after-hours Tuesday after the steel producer missed analysts' estimates for earnings in the third quarter.

U.S. Steel reported a loss of 70 cents a share in the third quarter, missing analysts' estimates of a loss of 18 cents a share for the quarter. Revenue fell 39% year over year to $2.8 billion for the quarter, compared to analysts' estimates of $2.97 billion.

"Total segment EBIT improved as compared to the second quarter as we continued to take action to address our cost structure," President and CEO Mario Longhi said in a statement...


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