AK Steel Q2 Loss Shrinks - Quick Facts

(RTTNews) - AK Steel Holding Corp. (AKS) reported a narrower net loss attributable to the company of $17.1 million, or $0.13 per share, for the second quarter of 2014, versus a loss of $40.4 million, or $0.30 per share, last year. Excluding the unrealized mark-to-market loss on commodity derivatives, the firm recorded an adjusted net income of $2.9 million, or $0.02 per share for the latest quarter. Analysts polled by Thomson Reuters expect the company to report loss per share of $0.04 for the period. Analysts' estimates typically exclude special items.

Quarterly net sales were $1.53 billion on shipments of 1,397,500 tons, compared with net sales of $1.40 billion on shipments of 1,323,700 tons for the year-ago quarter. Thirteen analysts projected sales of $1.51 billion for the quarter.