AK Steel Holding (AKS) Posts Surprise Q1 Profit

April 26, 2011 8:31 AM EDT
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Price: $1.55 --0%

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Net income: 68.9M

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AK Steel Holding Corporation (NYSE: AKS) reported Q1 EPS of $0.08, $0.09 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.61 billion.

AK Steel said it expects shipments in the second quarter of 2011 to be between 1,500,000 and 1,550,000 tons.


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