When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AKS - AK Steel: Q1 Report Hardly An Upside Catalyst But The Stock May Still Move Higher
AK Steel Holding Corporation
In my previous article on AK Steel (AKS), I suggested that the market was unlikely to buy into the company shares before it sees the first-quarter report. Now that the earnings report is out, it’s time to re-evaluate the situation.
AK Steel reported a net loss of $4.5 million, or $0.01 per share, on a GAAP basis. This result included the previously disclosed charge of $77.4 million for Ashland Works closure. Without this charge, the company would have earned $72.9 million or $0.23 per share. Direct cash impact from the Ashland Works closure