US Steel Q1 loss narrows, shares dip | Alrroya

US Steel Q1 loss narrows, shares dip

Tuesday, 26 April 2011  at  16:56, Reuters, New York
US Steel Corp posted a third consecutive quarterly loss on Tuesday, but higher steel prices and shipments helped it trim the red ink from the previous year.

Net loss narrowed to $86 million, or 60 cents per share, from $157 million, or $1.10 per share, a year earlier, the Pittsburgh-based company said. Shares slipped 1.6 per cent in premarket trading.








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