Seeking Alpha

AK Steel (AKS) sees a higher than expected Q2 EPS loss of $0.38-$0.33, which may not...

AK Steel (AKS) sees a higher than expected Q2 EPS loss of $0.38-$0.33, which may not compare to -$0.09 consensus estimate, but expects a 4%-5% increase in shipments Q/Q to 1.34M-1.36M tons due to strength in the automotive market. AKS expects its Q2 average selling price/ton to rise ~1% to ~$1,055/ton, primarily due to lower spot market prices for carbon steel products. AKS +0.8% premarket.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs