US Steel to miss third-quarter earnings target but CEO says company remains solid despite headwinds

United States Steel Corp. X, -1.30% 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.”