AK Steel (AKS) Misses Q1 EPS by 3c

AK Steel (NYSE: AKS) reported Q1 EPS of ($0.28), $0.03 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.74 billion.

"Shipments and selling prices in the carbon steel spot market were significantly impacted during the first quarter by the tidal wave of what we believe were unfairly traded foreign steel imports," said James L. Wainscott, Chairman, President and CEO of AK Steel. "Despite the negative effects of imports on AK Steel's results, the company experienced strong sales in automotive markets and generated positive adjusted EBITDA of $57.5 million."

For earnings history and earnings-related data on AK Steel (AKS) click here.

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