Investing.com - United States Steel reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United States Steel announced earnings per share of $3.86 on revenue of $6.29B. Analysts polled by Investing.com anticipated EPS of $3.5 on revenue of $5.81B.
United States Steel shares are down 11% from the beginning of the year and are trading at $22.42 , down-from-52-week-high.They are outperforming the Nasdaq which is down 22.26% from the start of the year.
United States Steel shares gained 3.32% in after-hours trade the report.
United States Steel follows other major Materials sector earnings this month
United States Steel's report follows an earnings beat by Air Liquide ADR on Thursday, who reported EPS of $0.5406 on revenue of $7.41B, compared to forecasts EPS of $0.5306 on revenue of $7.3B.
Sherwin-Williams had missed expectations on Wednesday with second quarter EPS of $2.41 on revenue of $5.87B, compared to forecast for EPS of $2.77 on revenue of $6.03B.
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