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Benzinga
Benzinga
Business
Henry Khederian

Why United States Steel Shares Are Rising

United States Steel United States United States Steel Corp United States Steel Corporation

United States Steel Corporation (NYSE:X) shares are trading higher by 5.4% at $19.60 after the company reported better-than-expected fourth-quarter sales results and announced a $500 million share buyback.

United States Steel reported quarterly earnings of $3.64 per share which missed the analyst consensus estimate of $4.71. The company reported quarterly sales of $5.62 billion which beat the analyst consensus estimate of $5.51 billion by 2%.

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