=U.S. Steel (X) reported earnings on Tue 31 Oct 2017 (a/h)

U.S. Steel beats by $0.22, beats on revs; reaffirms FY17 EPS above consensus 

• Reports Q3 (Sep) earnings of $0.92 per share, excluding items, $0.22 better than the Capital IQ Consensus of $0.70; revenues rose 20.9% year/year to $3.25 bln vs the $3.07 bln Capital IQ Consensus. Adjusted EBITDA of $342 mln.
• 2017 Outlook - "We are seeing operating improvements in the assets in which we are investing. This increases our confidence that we will achieve the 2020 improvement targets we have disclosed. We believe the attention to our assets and employees, with continued focus on improving safety, quality, delivery, and cost, will result in improved operating reliability and enable us to remain a strong business partner for our customers... If market conditions remain at their current levels, we expect 2017 net earnings of ~$323 mln, or $1.83 per share, 2017 adjusted net earnings of ~$300 mln, or $1.70 per share [vs. $1.63 Capital IQ Consensus Estimate], and consolidated adjusted EBITDA of ~$1.075 bln [prior guidance $1.1 bln]."