United States Steel (X) Revises Q4 and FY11 Earning Results Upward Due to Pricing Adjustments
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Price: $54.84 --0%
Financial Fact:
Net sales to related parties (Note 19): 316M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net sales to related parties (Note 19): 316M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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United States Steel Corporation (NYSE: X) filed its Annual Report on Form 10-K for the period ending December 31, 2011, which includes revisions to the unaudited fourth quarter and full-year 2011 results that were reported in the earnings release issued on January 31, 2012. Revises Q4 and FY11 Earning Results Upward
Following the release of the unaudited financial results, U. S. Steel recorded pricing adjustments related to iron ore pellets purchased in 2011. The net loss was reduced by $15 million, or $0.10 per diluted share, resulting in fourth quarter net loss of $211 million, or $1.46 per diluted share, and full-year 2011 net loss of $53 million, or $0.37 per diluted share.
Following the release of the unaudited financial results, U. S. Steel recorded pricing adjustments related to iron ore pellets purchased in 2011. The net loss was reduced by $15 million, or $0.10 per diluted share, resulting in fourth quarter net loss of $211 million, or $1.46 per diluted share, and full-year 2011 net loss of $53 million, or $0.37 per diluted share.
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