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

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.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below