Tuesday, July 25, 2017 9:45:16 AM
Reports Q2 (Jun) earnings of $0.19 per share, $0.07 better than the Capital IQ Consensus of $0.12; revenues rose 4.4% year/year to $1.56 bln vs the $1.55 bln Capital IQ Consensus.Second quarter shipments declined 6% to 1,465,200 tons compared to the second quarter a year ago, primarily as a result of a decrease in automotive demand. Average selling price per ton increased 11% to $1,058 from $957 in the same quarter a year ago, primarily as a result of a higher average selling price on both contract and spot market sales and higher surcharges on specialty steel products.
That'll show 'em.
GO AKS.
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