Thu, Jan 27, 2022 5:08 PM
PITTSBURGH (AP) _ United States Steel Corp. (X) on Thursday reported fourth-quarter net income of $1.07 billion.
On a per-share basis, the Pittsburgh-based company said it had profit of $3.75. Earnings, adjusted for non-recurring gains, were $3.64 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.56 per share.
The steel maker posted revenue of $5.62 billion in the period, which beat Street forecasts. Nine analysts surveyed by Zacks expected $5.48 billion.
For the year, the company reported profit of $4.17 billion, or $14.88 per share. Revenue was reported as $20.27 billion.