Morgan Stanley said it's 'struggling to understand' US Steel's results (X)

Shares of US Steel are getting obliterated Wednesday, losing a quarter of their value after whiffing on earnings and delivering disappointing guidance.
US Steel declared a $0.83 per share loss that was far below analysts' expectations for positive earnings of $0.35 per share. Additionally, the company missed on revenues, generating $2.73 billion versus expectations of $2.95 billion.
The enormous miss has some on Wall Street dumbfounded. Morgan Stanley analyst