WASHINGTON (dpa-AFX) - United States Steel Corp. (X) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $174 million, or $0.68 per share. This compares with $1.07 billion, or $3.75 per share, in last year's fourth quarter.
Excluding items, United States Steel Corp. reported adjusted earnings of $226 million or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.8% to $4.34 billion from $5.62 billion last year.
United States Steel Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $174 Mln. vs. $1.07 Bln. last year. -EPS (Q4): $0.68 vs. $3.75 last year. -Analyst Estimates: $0.63 -Revenue (Q4): $4.34 Bln vs. $5.62 Bln last year.
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