Chesterton Tribune

USS releases revised and improved 4th Quarter and 2011 results

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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.

 

 

Posted 2/29/2012