| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| - $0.67 | - $0.21 | $0.42
|
 |
USX-U.S. Steel (X Quote - Cramer on X - Stock Picks) announced a fourth-quarter loss of 67 cents a share, much wider than the 21-cent-a-share loss expected by Wall Street.
The losses came after a litany of problems tanked the company. U.S. Steel faced production problems in coal mines, a declining American economy, and therefore slower sales, and to top it all off, higher costs for fuel.
Revenues fell 6.6% from the year-ago period, with steel shipments falling 20%. And going forward, those problems are not going away. U.S. Steel said its first-quarter will also be difficult, with lagging demand dropping prices.
Eric Gillin
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