Jan 27 (Reuters) - United States Steel Corp reported a wider fourth quarter loss as total steel shipments declined from last year.
The Pittsburgh-based steelmaker's net loss was $122 million, or 84 cents per share, compared to a loss of $50 million, or 35 cents per share, a year earlier.
Net sales fell to $4.27 billion from $4.49 billion last year.
Analysts on average had expected revenue of $4.36 billion, on a loss of 25 cents per share, according to Thomson Reuters I/B/E/S.
- Basic Materials Industry
- Investment & Company Information