On Thursday, Shares of United States Steel Corp. (NYSE:X), gained 0.25% to $20.09.
United States Steel Corporation, stated a second quarter 2015 net loss of $261 million, or $1.79 per diluted share, which comprised of a $136 million, or $0.93 per diluted share, non-cash write-down of our retained interest in U. S. Steel Canada (USSC) and a net loss of $10 million, or $0.07 per diluted share, related to non-cash restructuring and other charges. This contrast to a second quarter 2014 net loss of $18 million, or $0.12 per diluted share, and a first quarter 2015 net loss of $75 million, or $0.52 per diluted share.
Commenting on results, U. S. Steel President and Chief Executive Officer Mario Longhi said, “We’ve taken aggressive and decisive actions to address the extremely challenging conditions we continue to face in North America. Our Carnegie Way efforts, combined with short-term cost improvements, have assisted to partially offset the continued depressed volumes and low prices in both the tubular and flat-rolled markets in addition to the negative impact of tremendously high levels of imports. U.S. trade laws have been strengthened by the signing of the Trade Adjustment Assistance bill, which will improve the means by which domestic companies may seek relief from unfairly traded imports. We are also maintaining our customer focus and our flexibility to respond as market conditions change.”
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
Shares of Halliburton Company (NYSE:HAL), declined -2.31% to $42.29, during its last trading session.
Halliburton Company declared that its board of directors has declared a 2015 third quarter dividend of eighteen cents ($0.18) a share on the company’s common stock payable September 23, 2015, to shareholders of record at the close of business on September 2, 2015.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Finally, Colgate-Palmolive Co. (NYSE:CL), ended its last trade with -1.32% loss, and closed at $68.02.
Colgate-Palmolive Company, stated worldwide Net sales of $4,066 million in second quarter 2015, a decrease of 6.5% as compared to second quarter 2014. Global unit volume grew 3.0%, pricing raised 2.5% and foreign exchange was negative 12.0%. Organic sales (Net sales not taking into account foreign exchange, acquisitions and divestments) grew 5.5%.
Net income and Diluted earnings per share in second quarter 2015 were $574 million and $0.63, respectively. Net income in second quarter 2015 comprised of $65 million ($0.07 per diluted share) of aftertax charges resulting from the implementation of the Company’s four-year Global Growth and Efficiency Program (the “2012 Restructuring Program”), an effective devaluation in Venezuela and a formerly revealed foreign tax matter.
Net income and Diluted earnings per share in second quarter 2014 were $622 million and $0.67, respectively.
Not taking into account the above noted items in both periods, Net income in second quarter 2015 was $639 million, a decrease of 5% as compared to second quarter 2014, and Diluted earnings per share in second quarter 2015 was $0.70, a decrease of 4% as compared to second quarter 2014. On a currency-neutral basis and not taking into account the above noted items in both periods, Diluted earnings per share raised double digit.
Colgate-Palmolive Company, together with its auxiliaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition.
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