Categories Earnings, Industrials

AK Steel (AKS): Q3 2019 Earnings Snapshot

— AK Steel (NYSE: AKS) reported Q3 2019 earnings of $0.01 per share, vs. $0.04 expected.

— Sales fell 12% to $1.53 billion, vs. $1.65 billion expected.

— FY19 reported net income is expected to be $26-41 million.

— FY19 adjusted net income is expected to be $103-118 million.

— FY19 reported EPS is expected to be $0.08-0.13.

— FY19 adjusted EPS is expected to be $0.32-0.37.

— AKS shares fell 7% immediately following the announcement.

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