USS profits slip due to lower spot prices, higher gas costs
Oct 25, 2005 | 12:48 PM
A combination of lower spot market prices, reduced operating rates and higher natural gas costs resulted in weaker third-quarter results for U.S. Steel Corp., Pittsburgh.U.S. STEEL CORP.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$3,200,000$3,707,000Net income$107,000$354,000Per share0.822.729 months ended Sept. 30Net sales$10,569,000$10,085,000Net income$807,000$623,000Per share6.184.87U.S. Steel's net income totaled $107 million in the three months ended Sept. 30, down 69.8 percent from $354 million in the same period last year, on sales that fell 13.7 percent to $3.2 billion.....
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