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Stock Market & Financial Investment News

News Breaks
June 19, 2014
17:05 EDTAKSAK Steel sees Q2 adjusted EPS (6c)-(2c), may not compare to consensus 10c
AK Steel said it expects to report a Q2 net loss of (23c)-(19c) per diluted share of common stock, which is a substantial improvement over its Q1 results. Adjusted to exclude the loss of 17c per diluted share for mark-to-market losses on derivatives, the company's adjusted net loss for Q2 would be (6c)-(2c) per diluted share. The company noted that, although it has generally experienced improved conditions in the steel markets it serves,Q2 results will be negatively impacted by the lingering effects of the extreme winter weather conditions and by the adverse impact of mark-to-market hedging losses, which the company expects will be substantially offset in the second half of 2014 by lower costs for commodities or by gains in its hedging positions.
News For AKS From The Last 14 Days
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September 17, 2014
12:08 EDTAKSSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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09:10 EDTAKSOn The Fly: Pre-market Movers
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September 16, 2014
14:34 EDTAKSAK Steel sees Severstal Dearborn acquisition accretive to earnings
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September 11, 2014
08:04 EDTAKSAK Steel 35M share Secondary priced at $9.00
BofA/Merrill, Credit Suisse and JPMorgan acted as joint book running managers for the offering.
September 8, 2014
06:51 EDTAKSAK Steel files to sell 35M shares of common stock
The joint book-running managers for the common stock offering are BofA Merrill Lynch, Credit Suisse and J.P. Morgan. The joint book-running managers for the notes offering are Credit Suisse, Citigroup and J.P. Morgan.
September 3, 2014
08:51 EDTAKSU.S. Steel Steel Dynamics at Morgan Stanley
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08:40 EDTAKSAK Steel sees Q3 5c-10c, may not compare to consensus of 26c
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