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U.S. Steel posts loss, but results better than expected

Pittsburgh : PA : USA | about 1 month ago  
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Steel today posted a third-quarter loss of $303 million, an improvement over second-quarter results and less red ink than analysts were expecting. The loss amounted to $2.11 per diluted share and was the Pittsburgh steel producer's third consecutive quarterly loss.
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    Visteon Corp., the Van Buren Township, Mich., auto-parts supplier, narrowed its third-quarter net loss on 18% lower sales. The loss was $38 million, or 29 cents a share, compared with $188 million, or $1.45, in the year-earlier quarter...At the end...
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  • News Source: Chesterton Tribune | about 1 month ago
    Steel Corporation (USS) is reporting a net loss of $303 million or $2.11 per diluted share in the third quarter of 2009, compared to a net loss of $392 million or $2.92 per diluted share in the second quarter and a net income of $919 million or $7.79...
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  • Blog Source: www.washingtonexaminer.com
    After reporting a second quarterly loss in July, the company said it expected all of its businesses to post operating losses for the July-September period. The largest U.S. steel maker said it lost $303 million, or $2.11 per share, ...
  • Blog Source: www.prophecyfellowship.org
    But the company said its steel production and shipments rose significantly, and that it expects improved results in the fourth quarter. Still, it forecast another loss for the October-December period. ...
  • Blog Source: www.tradingpattern.net
    US Steel posts 3rd straight quarterly loss. By Martin | October 27, 2009. The largest U.S. steel maker said it lost $303 million, or $2.11 per share, for the three months ended Sept. 30. That compares with a profit of $919 million, ...
  • Blog Source: www.dividend.com
    u-s-steel-posts-300-million-q3-loss-still-. Steel producer United States Steel Corporation (X ) said Tuesday that it swung to a $300 million third quarter loss, as global steel demand continued to wane amid the economic recession. ...
  • Blog Source: blogs.barrons.com
    The nation's second largest steel maker recorded its third consecutive quarter of losses with its third-quarter performance, a string that's almost certain to extend into a fourth quarter when it posts current-quarter returns in January ...
  • Blog Source: www.chinaeconomicreview.com
    Wuhan Iron & Steel expects full-year profits to fall by over 50% because of the global financial crisis, Bloomberg reported. The company, China's third largest steelmaker, would not give figure for its anticipated full-year loss in a statement to
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