AK Steel's (AKS) Earnings And Revenues Beat Estimates In Q4
Zacks Investment Research | Jan 30, 2018 08:00PM ET
AK Steel Holding Corporation (NYSE:AKS) reported net loss of $107.9 million or 34 cents per share in the fourth quarter of 2017 as compared to the net loss of $62.4 million or 22 cents recorded in the prior-year quarter.
Barring one-time items, adjusted loss for the quarter came in at 6 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 14 cents.
Total operating costs in the quarter rose around 7.2% year over year to roughly $1,532.4 million.
Net sales of $1,495.6 million for the fourth quarter rose 5.4% year over year, which also topped the Zacks Consensus Estimate of $1,436 million.
2017 Results
For full-year 2017, AK Steel reported adjusted net earnings of $98.4 million or 31 cents per share as compared to adjusted net earnings of $129.8 million or 56 cents in 2016.
Net sales for the full year went up roughly 3% year over year to $6.08 billion.
AK Steel Holding Corporation Price, Consensus and EPS Surprise
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