PREMARKET ALERT: United States Steel (X)

Posted in General 
July 28th, 2009

United States Steel Corp. (NYSE: X) sharse are down 3 percent to $40.01 and among the most active premarket stocks with more than 200,00 shares traded as of 8:30 a.m. Eastern. The company beat EPS expectations, but posted revenue that fell 68.5 percent from year-ago levels to $2.13 billion, short of $2.39 billion analyst expectations. The company said that its outlook for overall steel demand remains uncertain and the timing and magnitude of sustained economic recovery remain difficult to forecast. — Mike Tarsala

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