AK Steel Holding Corp. Q3 Earnings Climb 660%

(RTTNews) - AK Steel Holding Corp. (AKS) released a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $50.9 million, or $0.21 per share. This was up from $6.7 million, or $0.04 per share, in last year's third quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.2% to $1.45 billion. This was down from $1.71 billion last year.

AK Steel Holding Corp. earnings at a glance:

-Earnings (Q3): $50.9 Mln. vs. $6.7 Mln. last year. -Earnings Growth (Y-o-Y): 659.7% -EPS (Q3): $0.21 vs. $0.04 last year. -EPS Growth (Y-o-Y): 425.0% -Analysts Estimate: $0.13 -Revenue (Q3): $1.45 Bln vs. $1.71 Bln last year. -Revenue Change (Y-o-Y): -15.2%