US Steel's (X, $13.24) Q2 earnings surpass expectations, albeit with a year-over-year decline

United States Steel Corp. beat Wall Street's second-quarter earnings and revenue expectations, but reported substantial decline in profit from the year-ago period.

The steel producer reported adjusted earnings of 45 cents a share, which surpassed analysts’ expectation of 40 cents a share. However, the earnings-per-share figure marks a large decline from $1.46 a share of the same period last year.

Sales came in at $3.5 billion, lower than the year-ago quarter’s $3.6 billion, but still exceeding Wall Street's $3.4 billion forecast.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.