US Steel is diving after reporting a loss for the first quarter of 2017 on Tuesday.
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US Steel is tanking 25% after reporting an unexpected loss
US Steel reported an adjusted loss of $0.83 per share, much lower than the profit of $0.35 per share expected by analysts.
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The adjusted $0.83 per share loss was far below analysts expectations of earnings of $0.35 per share. Additionally, the company whiffed on revenues, generating $2.73 billion versus expectations of $2.95 billion.
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Following the news, shares of US Steel dived just over 25% to $23.20 a share as of 9:56 a.m. ET.
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