Investor Confidence Dips as AK Steel Holding Cor
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Posted On: 03/13/2013 1:03:48 PM
Investor Confidence Dips as AK Steel Holding Corporation Reports Quarterly Loss
AK Steel Holding Corporation, (NYSE: AKS) declared a $50 increment to the per ton base price of all its carbon flat rolled steel products, in the commodities spot market. The price rise will be implemented with immediate effect and all new orders received in March will be priced at the increased rates. The company also released its financial results for Q4, 2012, last week. During this time it suffered a widespread loss due to hefty payments on account of pension and taxes amid continually weakening prices. Despite a visible year-on-year decline of 6 percent in revenues, the company managed to beat Zacks Consensus Estimate of $1,416 million, and went up as high as $1,423.1 million. Quarterly net loss was $230.4 million compared to a $193.9 million net loss the company suffered in the last year. Loss per share went up by $0.39 to $1.89.....
Continued Here: http://emerginggrowth.com/investing_today/inv...03/13/2013
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