U.S. Steel slid nearly 5% in premarket trading after profit warning on slow down in orders

U.S. Steel slid nearly 5% in premarket trading after profit warning on slow down in orders.Earnings before interest, taxes and amortization will be about $1.65 billion, the company said in a statement Thursday. That compares with the $2.13 billion average analysts had been expecting. 

“Our fourth-quarter guidance indicates another quarter of strong performance yet reflects a temporary slowdown in order entry activity, which we believe is related to typical seasonal year-end buying activity,” U.S. Steel Chief Executive Officer David B. Burritt said in the statement.