NEW YORK (TheStreet) -- Shares of U.S. Steel  (X) were retreating on heavy trading volume late Wednesday afternoon after reporting 2016 third-quarter earnings and revenue that missed analysts' expectations. 

After yesterday's market close, the Pittsburgh-based steel maker reported adjusted earnings of 40 cents per share, while analysts surveyed by FactSet were looking for adjusted earnings of 83 cents per share. 

Revenue declined 5.1% year-over-year to $2.69 billion, falling short of the FactSet consensus of $2.81 billion.

"We faced some operational challenges that limited our ability to realize the full benefits of an improved pricing environment," CEO Mario Longhi said in a statement.

About 26.08 million shares of U.S. Steel have been traded so far today, well above the company's average trading volume of roughly 18.39 million shares a day.

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

U.S. Steel's weaknesses include its generally high debt management risk, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: X

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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