Why AK Steel Stock Crashed 15% Today [The Motley Fool]
AK STEEL HOLDINGS (AKS)
Last ak steel holdings earnings: 2/20 07:00 am
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ir.aksteel.com/investor-relations
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Source: The Motley Fool
AK Steel beat earnings. Or maybe it missed them. One thing's for sure: It didn't actually earn anything. Rich Smith ( TMFDitty ) Jan 30, 2018 at 5:07PM What happened AK Steel ( NYSE:AKS ) stock closed the day down 12.9% after reporting earnings Tuesday morning, on a day in which losses at one point approached 15% -- yet it's not entirely clear whether this was because the stock missed earnings, or despite beating earnings. Analysts had been expecting AK Steel to report a $0.14 per share loss for its fiscal fourth quarter. Calculated according to generally accepted accounting principles ( GAAP ), AK Steel missed that target badly, losing $0.34 per share (of which only $0.10 were attributable to changes in U.S. tax law). But adjusting for one-time gains and expenses, the company lost only $0.06 per share -- an earnings beat. AK Steel st
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