U.S. Steel (X) Posts Q2 Loss of 79c/Share
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July 28, 2015 8:15 PM EDT
PITTSBURGH, July 28, 2015 /PRNewswire/ -- United States Steel Corporation (NYSE: X) announced today that its Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock. The dividend is payable September 10, 2015, to stockholders of record at the close of... More
July 28, 2015 8:12 PM EDT
PITTSBURGH, July 28, 2015 /PRNewswire/ -- United States Steel Corporation (NYSE: X) reported a second quarter 2015 net loss of $261 million, or $1.79 per diluted share, which included a $136 million, or $0.93 per diluted share, non-cash write-down of our retained interest in U. S. Steel Canada (USSC) and a net loss of $10 million, or $0.07 per diluted share, related to non-cash restructuring and other charges. This compared to a second quarter 2014 net loss of $18 million, or $0.12 per diluted share, and a first quarter 2015 net loss of $75 million, or $0.52 per diluted share.Â
For a description of the non-generally accepted accounting principles (non-GAAP)... More
