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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Sinks on Earnings Miss

NEW YORK (TheStreet) -- U.S. Steel Corp. (X - Get Report) stock is retreating 13.52% to $11.19 in mid-morning trading on Wednesday after the company reported lower than expected financial results for the third quarter of 2015.

After the market close on Tuesday, the steel company reported a loss of 70 cents per share for the quarter ended September 30, down from earnings of $2.16 per share for the same period last year.

Revenue fell to $2.83 billion for the latest quarter from $2.9 billion last year because of higher imports and a weak oil market that drove down sales of tubular goods.

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