|
Published: April 21, 2009 08:58 am
AK Steel posts $73M loss in 1Q
Associated Press
WEST CHESTER, Ohio —
Steel maker AK Steel Holding Corp. says it posted a first-quarter loss compared with a year-earlier profit, hurt by the recession and declining orders from the auto industry.
The West Chester, Ohio-based company says its loss amounted to $73.4 million, or 67 cents per share due to diminishing orders for the metal used in cars, appliances and other products. AK Steel earned $101.1 million, or 90 cents a share, in the same period a year earlier.
Revenue dropped nearly 49 percent to $922.2 million.
Analyst surveyed by Thomson Reuters had expected a loss of 75 cents per share on revenue of $929.3 million.
Steel demand has plunged since late last year, when the global economic crisis undermined key customers in the auto, construction and machinery industries.
|
|
|
|
 |
|
WURTLAND NURSING & REHABILITATION CENTER
Is now accepting
applications for
LPN
Join our team of
compassionate,
energetic ...>MORE
ACCOUNT REPS
Our continued growth has created ADDITIONAL opportunities!
As a part of GC Services, you’ll be working with g...>MORE
CREDIT CARD SALES
• High per deal bonus
• Bonus Paid Daily!
• 100% Residual
• Lifetime Residuals
• 100% Equipment...>MORE
See all ads |
| Premium Cars, RVs and Boats |
TITANIUM CAMPER
‘04 33E38TS 5th wheel, 3 slides, exc. cond. 606-836-4262....>MORE
TOYOTA/SCION TC FOR SALE
‘08, 1 owner, 36k mi., loaded, $12,000 firm. 465-3715. ...>MORE
Lincoln Continental
2002, black, 4door, 60k, all leather, new tires, pristine condition, one owner. 606-325-6435. ...>MORE
See all ads |
|
THREE BEDROOM HOME
SOUTH SHORE- 3BR, 1BA, Holly Ave, $28,000. Possible owner financing. (615)866-8650 or email
41hollyave@gmail.com...>MORE
THREE BEDROOM HOME
THREE BR- 2.5BA, sun rm. $155k. Worthington, 1461 N. Calumet. 606-615-4175...>MORE
GREENUP HOME FOR SALE
3 BR, new windows & metal roof, $32,000. 740-646-3491....>MORE
See all ads |
|
MISCELLANEOUS FOR SALE
Bow Flex TC5000 tread climber $1,000. Mini bike $225 Like new! 232-6433...>MORE
FIREWOOD FOR SALE
1 Full Rick
Call 606-923-0717...>MORE
USED TIRES FOR SALE
Different Sizes. Call for Pricing, 325-8745....>MORE
See all ads |
|
 |
|
Print this story
E-mail this story
