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Sergey Savastiouk's Avatar
published in Blogs
Aug 02, 2019
US Steel's (X, $13.24) Q2 earnings surpass expectations, albeit with a year-over-year decline

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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These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period.
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a manufacture of integrated steel products

Industry Steel

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Industry
Steel
Address
600 Grant Street
Phone
+1 412 433-1121
Employees
21803
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https://www.ussteel.com
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