Daily Journal masthead

AK Steel reports second-quarter loss but tops expectations

bug
Share/Save/Bookmark

WEST CHESTER, Ohio — AK Steel Holding Corp. (AKS) on Tuesday reported a loss of $64 million in its second quarter.

The West Chester, Ohio-based company said it had a loss of 36 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

The steel producer posted revenue of $1.69 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.67 billion.

The company's shares closed at $2.52. A year ago, they were trading at $8.99.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on AKS at http://www.zacks.com/ap/AKS

_____

Keywords: AK Steel, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.