U.S. Steel Corp. (X) - Get Report shares gained 1.4% to close Thursday at $22.54 even after fourth-quarter earnings for the steelmaker missed analysts' estimates. 

The Pittsburgh-based company reported adjusted net earnings of $957 million, or $1.82 a share, falling short of analysts' expectations of $1.88. Revenue of $3.69 billion also missed Wall Street's $3.75 billion estimate. 

"We are pleased with both the strong earnings we reported in 2018 and the important progress we made on our strategic objectives," said U. S. Steel President and CEO David B. Burritt. "We are encouraged by the effectiveness of the investments we are making and remain focused on improving our operating and commercial performance to drive long-term value creation for our stockholders."

For the year, the company reported a profit of $1.12 billion, or $6.25 a share, on revenue of $14.18 billion. 

Year to date, the stock has gained about 19%, reversing the long-term downward trend. Despite the 2019 performance, shares have fallen 45% over the past 12 months. 

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