AK Steel’s Q3 Earnings Didn’t Meet Analysts’ Expectations

AK Steel (AKS) reported its third-quarter earnings on October 25 after the markets closed. The company reported revenues of $1.74 billion in the third quarter—compared to revenues of $1.75 billion in the second quarter and $1.49 billion in the third quarter of 2017. AK Steel reported an adjusted EBITDA of $161 million in the third quarter. In comparison, the company posted an adjusted EBITDA of $148 million in the second quarter and $69 million in the third quarter of 2017.