AK Steel Holding Earnings: Here’s Why Investors Like What They See
AK Steel Holding Corporation (NYSE:AKS) had a loss yet beat Wall Street’s expectations, AND met the revenue expectation. Shares are up 3.35%.
AK Steel Holding Corporation Earnings Cheat Sheet
Results: Net loss increased 18.82% to $230.4 million (30 cents per diluted share) in the quarter versus a net loss of $193.9 million in the year-earlier quarter.
Revenue: Decreased 5.91% to $1.42 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: AK Steel Holding Corporation reported adjusted net loss of 30 cents per share. By that measure, the company beat the mean analyst estimate of -$0.37. It met the average revenue estimate of $1.42 billion.