Bethlehem Steel Corp. on Wednesday reported a $71.3-million third-quarter loss. It was the company's fifth consecutive money-losing quarter, but the loss was $5.5 million less than in the same quarter of 1985.
The nation's third-largest steelmaker reported a $186.9-million loss for the first nine months of 1986.
Chairman Walter F. Williams said the company expected to post a fourth-quarter profit due to a $140-million tax refund, but "we still expect to incur a loss for the year."
Bethlehem said the latest losses came on revenue of $1.03 billion for the third quarter, down 20.2% from the same period of 1985, and on revenue of $3.31 billion for the first three quarters, or about 13.6% lower than in the same 1985 period.
The company lost $76.8 million in the third quarter of 1985 and $118.5 million in the first nine months of 1985.