Tuesday, April 24, 2007

UPDATE 1-U.S. Steel profit rises, but forecast is weak

(Reuters) - First-quarter net earnings were $273 million, or $2.30 per share, up from $256 million, or $2.04 per share, in the same quarter last year, the Pittsburgh-based steelmaker said.

For the second quarter, Chairman and Chief Executive John P. Surma said in a statement, "We expect continued solid operating results for our three reportable segments, with overall results in line with the first quarter."


Read more at Reuters.com Market News

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