United States Steel Corporation (X) Posts Q3 Loss

United States Steel Corporation (NYSE:X) reported its earnings report for the third quarter of 2013 this morning. The firm showed a loss of $1.79 billion, or $12.38 per share. The company suffered a large impairment charge on the value of its steel making business. The company warned Wall Street that it would write off part of the value of the business in this report.

Leading up to the release of this report analysts following United States Steel Corporation (NYSE:X) were looking for a loss of 45 cents per share from the company by consensus. Excluding...