United States Steel Earnings Call, Fourth Quarter 2008
30th January 2009 00:00 AM |
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| Despite the negative global economic situation, the company had an outstanding year 2008 with record net sales, income from operations and net income. |
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| The steel company reported Q4 net income of $308 million or $2.65 per share. This compares with Q3 net income of $919 million or $7.79 per share and Q4 of 2007 net income of $35 million or 29 cents per share. The management announced Q4 net sales of $4,565 million compared with net sales of $4,535 million in the year ago quarter and $7,312 million in Q3 of 2008. In light of the deteriorating economic forecasts, the management anticipates an operating loss for first quarter 2009. |
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