According to reports, the United States Steel Corporation on Tuesday released the fiscal reported second quarter net profit fell more than half of global economic growth slowdown caused damage to the number of the core needs of the market, but the performance is still better than market expectations.
 
U.S. Steel said second-quarter net profit from a year earlier of $ 222 million, or $ 1.33 per share, down $ 101 million, or 62 cents per share, still higher than accept the FactSet survey of analysts' average estimate of 48 cents a share.
 
Revenue fell 2 percent to $ 5.02 billion, slightly higher than the average analyst estimate of $ 5,000,000,000.
 
U.S. Steel, said the price increase and the decrease in cost of raw materials and energy to help boost performance, despite the economic environment to remain challenging, especially in Europe.
 
The company expects the performance of various departments in the third quarter will be lower than the second quarter, but each department will achieve operating profit.



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