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What: Shares of AK Steel
So what: Revenue rose just under 1% to $1.59 billion, resulting in a $0.03-per-share net loss. Analysts had been calling for a $0.01 loss on $1.66 billion in revenue, according to data compiled by Yahoo! Finance.
Now what: In a statement, CEO James Wainscott blamed the misses on "a sputtering economy and extraordinarily high raw-materials costs." The implication? Unless the economy does a U-turn, investors shouldn't expect shares of AK Steel to recover anytime soon. Do you agree? Disagree? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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