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AK Steel posts 3Q profit of $6.7 million, result tops expectations


WEST CHESTER, Ohio — AK Steel Holding Corp. (AKS) on Tuesday reported third-quarter net income of $6.7 million, after reporting a loss in the same period a year earlier.

The West Chester, Ohio-based company said it had net income of 4 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 6 cents per share.

The steel producer posted revenue of $1.71 billion in the period.

The company's shares closed at $2.34. A year ago, they were trading at $7.12.


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

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