United States Steel Corp. (X) reported a first-quarter net loss of $73 million or $0.51 per share, compared to a loss of $219 million or $1.52 per share last year. Net Sales decreased to $4.60 billion from $5.17 billion last year.
Adjusted net loss was $51 million, or $0.35 per share, excluding an after-tax charge of $22 million, or $0.16 per share, related to repurchases of $542 million principal amount of 4.00% Senior Convertible Notes due 2014, reducing the outstanding principal amount for these notes to $321 million.
On average, 16 analysts polled by Thomson Reuters expected the company to report a loss of $0.19 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $4.66 billion for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.