United States Steel Corp. Q2 adjusted earnings Beat Estimates

0 0
Read Time55 Second

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Top Ten uses for CBD oil cannabis marijuana cannabinoids CBD THC Epidiolex Epilepsy

Top Ten uses for CBD oil

Biotech Stocks Facing FDA Decision In August 2019

Biotech Stocks Facing FDA Decision In August 2019

Notable Earnings To Watch Next Week

Notable Earnings To Watch Next Week – LLY, AAPL, PG, MRK, PFE, CVX