AK Steel Lower Ahead of Earnings

Published on Monday, 26 July 2010 10:06 Written by Christian Paolinetti

New York, July 26th (TradersHuddle.com) - Shares of AK Steel Holding Corporation (NYSE:AKS) are trading lower by -2.79% ahead of its quarterly earnings release. AK Steel, the Ohio based steel company is expected to release its quarterly results on July 27^th.

Wall Street Analysts consensus calls for a profit of $0.07 a share on $1.53 billion revenue.

AK Steel estimates have a range of $0.63 a share. The high estimate calls for profit of $0.3 a share and the low estimate is calling for a loss of $-0.33 a share, a year ago for the quarter the company reported $-0.43 a share.

AK Steel Holding Corporation (NYSE:AKS), through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers. Key Statistics