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U.S. Steel: 4Q Earnings Snapshot

U.S. Steel: 4Q Earnings Snapshot

PITTSBURGH (AP) _ United States Steel Corp. (X) on Wednesday reported fourth-quarter earnings of $592 million.

The Pittsburgh-based company said it had profit of $3.33 per share. Earnings, adjusted for non-recurring gains, came to $1.82 per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The steel maker posted revenue of $3.69 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.75 billion.

For the year, the company reported profit of $1.12 billion, or $6.25 per share. Revenue was reported as $14.18 billion.

U.S. Steel shares have risen 22 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 7 percent. In the final minutes of trading on Wednesday, shares hit $22.23, a fall of 42 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on X at https://www.zacks.com/ap/X