U.S. Steel Narrows Quarterly Loss, Declares Dividend

U.S. Steel saw a thinner loss in Q4, albeit on a drop in revenue. The company reported that it booked a net shortfall of $50 million ($0.35 per diluted share), an improvement from the $211 million it lost in the same period the previous year. Net sales for this most recent quarter were just under $4.5 billion, down from $4.8 billion in Q4 2011.

The net showing was substantially better than analysts had expected; on average, they were anticipating negative EPS of $0.75.

For fiscal 2012, U.S. Steel's loss actually widened. It was $124 million ($0.86 diluted EPS), versus the $53 million ($0.37 diluted EPS) of 2011. Net sales also declined, to $19.3 billion from $19.9 billion.

The company also declared its first dividend for 2013. It is to pay $0.05 per share on March 8 to shareholders of record as of the end of Feb. 12.

The article U.S. Steel Narrows Quarterly Loss, Declares Dividend originally appeared on Fool.com.

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