United States Steel Corp. (X) reported earnings for second quarter that declined from last year.
The company’s earnings came in at $68 million, or $0.39 per share. This compares with $214 million, or $1.20 per share, in last year’s second quarter.
Excluding items, United States Steel Corp. reported adjusted earnings of $78 million or $0.45 per share for the period.
Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 1.7% to $3.55 billion from $3.61 billion last year.
United States Steel Corp. earnings at a glance:
-Earnings (Q2): $78 Mln. vs. $262 Mln. last year.
-EPS (Q2): $0.45 vs. $1.46 last year.
-Analysts Estimate: $0.39
-Revenue (Q2): $3.55 Bln vs. $3.61 Bln last year.
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