U.S. Steel Shares Fall On Wider-than-expected Loss

By Wallace Witkowski Markets MarketWatch Pulse

U.S. Steel Corp. shares fell in the extended session Tuesday after the steel producer missed Wall Street estimates for the quarter. U.S. Steel shares dropped 10% to $7. The company reported an fourth-quarter loss of $6.83 a share on revenue of $2.57 billion. Analysts surveyed by FactSet had forecast a loss of 88 cents a share on revenue of $2.53 billion. Of U.S. Steel's $999 million loss on the quarter, $606 million of that was the result of a tax provision, the company said.

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