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Article: USX operating income best ever.
- Article from:
- PR Newswire
- Article date:
- January 30, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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USX OPERATING INCOME BEST EVER
PITTSBURGH, Jan. 30 /PRNewswire/ -- USX Corporation (NYSE: X) reported 1989 net income of $965 million, or $3.53 per common share, a substantial improvement over 1988 net income of $756 million, or $2.62 per common share. Sales were $18.7 billion in 1989 compared with $16.9 billion in 1988. Fourth quarter 1989 net income was $244 million, or $.91 per common share, on sales of $4.9 billion. Fourth quarter 1988 net income was $158 million, or $.55 per common share, on sales of $4.4 billion.
Board Chairman Charles A. Corry stated, "Operating income in 1989 was the best ever earned by the corporation. The improvement from ...