United States Steel Corp. (X) reported that its fourth quarter net loss attributable to the company was $267 million or $1.86 per share, compared to net income of $290 million or $2.50 per share in the fourth quarter 2008.
Net sales for the quarter declined to $3.35 billion, from $4.50 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $1.14 per share on revenues of $3.09 billion for the quarter. Analysts' estimates typically exclude special items.
The company expects to report an overall first quarter 2010 operating loss in line with the fourth quarter 2009 as gradually improving business conditions are not yet fully reflected in its operating results.
For comments and feedback: editorial@rttnews.com