RTTNews | Jan 28, 2021 08:48PM EST

20:47 Thursday, January 28, 2021 (RTTNews.com) - United States Steel Corp.(X) reported fourth quarter 2020 net earnings of $49 million or $0.22 per share, compared to a net loss of $668 million or $3.93 per share in the fourth quarter 2019.

Adjusted net loss narrowed to $60 million or $0.27 per share, from $109 million or $0.64 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the fourth-quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter were $2.56 billion, down from $2.82 billion in the previous year. Analysts expected revenue of $2.58 billion for the quarter.

X closed Thursday's regular trading at $18.73 up $0.35 or 1.90 percent. In the after-hours trade, the stock further gained $1.12 or 5.98 percent.

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