=U.S. Steel (X) reported earnings on Thur 31 Oct 19 (a/h)

U.S. Steel beats by $0.06, reports slight beat on revs, reports EBITDA at high end of prior guidance

Reports Q3 (Sep) loss of $(0.21) per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of ($0.27) and within prior guidance of $(0.26)-(0.20); revenues fell 17.7% year/year to $3.07 bln vs the $3.04 bln S&P Capital IQ Consensus.

• Adjusted EBITDA fell 73% yr/yr to $144 mln, at the high end of prior guidance of $134-144 mln and above consensus of $139.9 mln.

"While market headwinds persist, we continue to focus on what we can control, including re-scoping our asset revitalization investments and reducing fixed costs...We are using today's market environment as a catalyst to improve our business model."