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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Drops on Weak Q1 Results

NEW YORK (TheStreet) -- U.S. Steel Corp. (X - Get Report) stock is declining 1.68% to $18.18 in mid-morning trading on Wednesday after the Pittsburgh-based company reported lower-than-expected financial results for the 2016 first quarter.

After yesterday's market close, the steelmaker posted a loss of $2.15 per share for the first three months of the year, while analysts were expecting a loss of $1.23 per share.

Revenue fell 28% year over year to $2.34 billion for the quarter, missing estimates of $2.52 billion.

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