Loading ...Wall Street Throws Up On US Steel’s “Nightmare On Elm Street” Results
Yesterday when commenting on the abysmal results and even worse guidance by steel giant US steel, which cut its 2017 guidance by more than half, now expecting 2017 net earnings of approximately $260 million, or $1.50 per share, more than 50% below the prior forecast of $3.08, we asked “if X cuts EPS by 50% in “improving” market conditions, one wonders what EPS would look like if conditions were actually worse.”
http://www.zerohedge.com/news/2017-04-26/wall-street-throws-us-steels-nightmare-elm-street-results