United States Steel Corp. shares rose about 1% in premarket trades, rebounding from an 8.6% loss in the previous session. The company said Thursday it expects third-quarter adjusted earnings of $1.90 a share to $1.95 a share. Analysts surveyed by FactSet currently expect earnings of $2.09 a share. “We expect to deliver a solid third quarter, even as the business continues to respond to the market headwinds that have accelerated over the quarter,” CEO David B. Burritt said in a prepared statement. “We have quickly adjusted our integrated steelmaking operating footprint to better match our order book and expect our Tubular segment to deliver another quarter of earnings growth.”
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