(Bloomberg) — U.S. Steel Corp. gave a third-quarter loss estimate that was better than its guidance just three weeks earlier, helped by a gain from claims arising out of a supplier’s bankruptcy.Analysts weren’t impressed. Shares were the second-worst performer on the S&P gauge of steelmakers. The stock has slumped 15% since the start of the month when it announced it’s paying $700 million to buy almost half of its high-tech rival Big River Steel, a purchase that will be funded by a lending facility.“You have to question the motive when a company pre-releases twice,” Phil Gibbs, an analyst at Keybanc …read more
Source:: Yahoo Finance
