Tuesday, January 25, 2011
United States Steel Corp. narrowed its losses in the fourth quarter to $249 million, or $1.74 per share, compared with a loss of $267 million, or $1.86 per share, a year ago.U.S. Steel Corp., which has a mill in Granite City, narrowed its losses in the fourth quarter to $249 million, compared with a loss of $267 million a year ago.
Sales for the quarter were up 28 percent to $4.3 billion.The company (NYSE: X) also narrowed its losses for the full year, reporting a loss of $482 million in 2010, an improvement over 2009, when the steel maker lost $1.4 billion.Any gains were partially offset by seasonal conditions in the fourth quarter, with a decrease in shipments and a decrease in prices, Chairman and CEO John Surma said in the earnings release.
sourced:St. Louis Business Journal from the Malia Spencer
Malia Spencer writes for the Pittsburgh Business Times, an affiliated publication.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment