AK Steel Holding Earnings: Here’s Why Investors Like What They See

AK Steel Holding Corporation (NYSE:AKS) had a loss yet beat Wall Street’s expectations, AND met the revenue expectation. Shares are up 3.35%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

AK Steel Holding Corporation Earnings Cheat Sheet

Results: Net loss increased 18.82% to $230.4 million (30 cents per diluted share) in the quarter versus a net loss of $193.9 million in the year-earlier quarter.

Revenue: Decreased 5.91% to $1.42 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AK Steel Holding Corporation reported adjusted net loss of 30 cents per share. By that measure, the company beat the mean analyst estimate of -$0.37. It met the average revenue estimate of $1.42 billion.

Quoting Management: “Sluggish economic conditions impacted global demand and selling prices for steel products during the fourth quarter and the full-year of 2012,” said James L. Wainscott, Chairman, President and Chief Executive Officer of AK Steel. “That said, AK Steel remains well-positioned to take advantage of market opportunities with its high quality, valued-added steels as the economy continues to slowly recover. Taking everything into account, we expect a significantly better first quarter and full-year 2013.”

Key Stats:

Revenue decreased 2.97% from $1.46 billion in the previous quarter. Net loss increased 278.33% from $60.9 million in the previous quarter.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials.)