AK Steel expects bigger quarterly loss
Jun 17, 2013 | 04:54 PM
| Catherine Ngai
NEW YORK AK Steel Corp. expects to post a bigger second-quarter net loss due to a planned blast furnace outage at one of its facilities, lower selling prices for carbon flat-rolled products and several tax expenses. However, the company expects pricing to improve in coming months.
The steelmaker anticipates a net loss of 33 to 38 cents per diluted share for the three months ending June 30, according to a guidance released June 17, compared with a first-quarter net loss of 7 cents per share, or $9.9 million (amm.com, April 23). If results come in as expected, it would be the companys eighth consecutive quarterly loss. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.