U.S. Steel Corporation (USS) has revised—to the better—its fourth-quarter
and full-year 2011 financial results.
According to a statement released on Tuesday, USS recorded pricing
adjustments related to the purchase last of iron ore pellets, reducing the
net loss by $15 million or 10 cents per diluted share.
The revised fourth-quarter net loss: $211 million or $1.46, down from the
$226 million or $1.57 reported on Jan. 31.
The revised full-year net loss: $53 million or 37 cents per diluted share,
down from the $68 million or 47 cents reported last month.
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