United States Steel Reports Q4 Loss, Tops Street Expectations

Pittsburgh-based United States Steel Corp. (X) announced a fourth-quarter loss of $89 million, or 39 cents per share. Adjusted for non-recurring costs and stock option expenses, the loss was 13 cents per share, exceeding analysts' estimates.

Zacks Investment Research had previously estimated a loss of 25 cents per share. Revenue for the quarter came in at $3.51 billion, also surpassing Wall Street expectations of $3.48 billion.

For the full year, the company reported a profit of $384 million, or $1.57 per share, on revenue of $15.64 billion.