UPDATE: AK Steel Posts Narrower-Than-Expected Q4 Loss
AK Steel (NYSE: AKS) posted a wider fourth-quarter loss.
AK Steel posted a quarterly loss of $230.4 million, or $1.89 per share, versus a year-ago loss of $193.9 million, or $1.76 per share. Its adjusted loss came in at $0.30 per share.
Its revenue declined to $1.42 billion from $1.51 billion. However, analysts were expecting a loss of $0.37 per share on sales of $1.42 billion.
AK Steel shares gained 0.25% to $4.04 in after-hours trading.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.