AK Steel Holding Corp. (AKS) reported earnings for third quarter that retreated from last year.
The company said its earnings totaled $6.7 million, or $0.04 per share. This was lower than $16.4 million, or $0.12 per share, in last year's third quarter.
Analysts had expected the company to earn -$0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 7.5% to $1.71 billion. This was up from $1.59 billion last year.
AK Steel Holding Corp. earnings at a glance:
-Earnings (Q3): $6.7 Mln. vs. $16.4 Mln. last year.
-Earnings Decline (Y-o-Y): -59.1%
-EPS (Q3): $0.04 vs. $0.12 last year.
-EPS Decline (Y-o-Y): -66.7%
-Analysts Estimate: -$0.08
-Revenue (Q3): $1.71 Bln vs. $1.59 Bln last year.
-Revenue Change (Y-o-Y): 7.5%
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