AK Steel Holding Corp. Reports 59% Fall In Q3 Bottom Line

(RTTNews) - AK Steel Holding Corp. (AKS) reported earnings for third quarter that retreated from last year.

The company said its earnings totaled $6.7 million, or $0.04 per share. This was lower than $16.4 million, or $0.12 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.5% to $1.71 billion. This was up from $1.59 billion last year.

AK Steel Holding Corp. earnings at a glance:

-Earnings (Q3): $6.7 Mln. vs. $16.4 Mln. last year. -Earnings Decline (Y-o-Y): -59.1% -EPS (Q3): $0.04 vs. $0.12 last year. -EPS Decline (Y-o-Y): -66.7% -Analysts Estimate: -$0.08 -Revenue (Q3): $1.71 Bln vs. $1.59 Bln last year. -Revenue Change (Y-o-Y): 7.5%