U.S. steelmaker AK Steel (AKS) released Tuesday its second-quarter earnings report, the quarter the company lost $ 11.8 million from a year earlier widened to $ 724.2 million, loss per share from a year earlier, 11 the United Statespoints to expand to $ 6.55.
 
Excluding a $ 736 million non-cash charges, the company announced on June 18, AK Steel the second quarter of fiscal year 2012 will receive 10 cents a share.
 
The earnings report also showed that the quarter the company's sales dropped to $ 1.54 billion from $ 1.79 billion a year earlier. Wall Street analysts on average had expected The company's quarterly earnings per share of 6 cents, it is expected will be $ 1.55 billion in sales.
 
Looking ahead, AK Steel said it has generally agreed to suspend payment of quarterly dividend, the company move will save $ 22 million a year.
AK Steel said the company temporarily does not provide any profit forecast, mainly because the market environment remains uncertain.
 



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