AK Steel (AKS) Tops Q2 EPS by 10c

AK Steel (NYSE: AKS) reported Q2 EPS of $0.08, $0.10 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.53 billion.

"Our strategic decision to reduce exposure to commodity spot markets, optimize our footprint and focus on higher value products continued to show positive results as we achieved another quarter of significant improvement," said Roger K. Newport, Chief Executive Officer of AK Steel. "We continue to make operational improvements and relentlessly pursue margin enhancements, and we are seeing the benefit of these actions in our financial results."

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

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