United States Steel Corporation
|Company Name||United States Steel Corporation|
|Stock Symbol||October 19, 2021|
On April 25, 2017, U.S. Steel disclosed a net loss of $180 million for the first quarter 2017, which included an unfavorable adjustment of $35 million, or $0.20 per diluted share. These disappointing results were primarily driven by the closing of tubular assets and fell well short of meeting analysts’ expectations for the Company. The Company also noted that U.S. Steel changed accounting methods on property and other items and the impact of the change is included in 2017 outlook.
On this news, shares of U.S. Steel fell sharply, over 26%, on April 26, 2017.
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