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Steel Stocks Roar Higher, Here Is The Target
Wednesday, January 26, 2011 - 1:58pm | 172Steel stocks like United States Steel Corporation (NYSE: X) and AK Steel Holding Corporation (NYSE: AKS) are jumping again. These stocks have been on a three day surge which has taken many by surprise. Regardless of surprise, one must study the chart to find the level where they will hit target and...
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Dahlman Rose Comments On AK Steel's Improving Outlook
Wednesday, January 26, 2011 - 12:14pm | 243AK Steel (NYSE: AKS) reported 4Q10 EPS results above Dahlman Rose and the consensus estimates. The company should start to see a substantial improvement in its 2011 results starting in 2Q11 as it realizes the full effect of the improved pricing environment. Results were ahead of Dahlman's estimate...
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Company News for January 26, 2011 - Corporate Summary
Wednesday, January 26, 2011 - 10:31am | 872• Stryker (NYSE:SYK) reported Q4 EPS of $0.93, ahead of the Zack Consensus Estimate of $0.89 per share. Revenues for the quarter rose 8.6% to $2.0 billion, well above the Zack Consensus Estimate of $1.970 billion • Yahoo (NASDAQ:YHOO) reported Q4 EPS of $0.26, ex-items, topping Zack Consensus...
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Company News for January 26, 2011 - Corporate Summary
Wednesday, January 26, 2011 - 10:09am | 872• Stryker (NYSE:SYK) reported Q4 EPS of $0.93, ahead of the Zack Consensus Estimate of $0.89 per share. Revenues for the quarter rose 8.6% to $2.0 billion, well above the Zack Consensus Estimate of $1.970 billion • Yahoo (NASDAQ:YHOO) reported Q4 EPS of $0.26, ex-items, topping Zack Consensus...
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Allegheny Technologies Misses Estimates (ATI)
Wednesday, January 26, 2011 - 10:07am | 235Allegheny Technologies Inc. (NYSE: ATI) on Wednesday morning released financial results that failed to meet Wall Street expectations. Allegheny Technologies Inc reported that its 4th quarter net income fell to $15.1 million, or 15 cents per share, down from $37.8 million, or 36 cents per share, a...
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Goldman Sachs Sees Little Upside On US Steel Following Earnings
Wednesday, January 26, 2011 - 9:22am | 209Goldman Sachs is lowering its 1Q2011 estimate for US Steel (NYSE: X) to a loss of $0.61 from a profit of $0.80, as it expects most of the price realization from rising spot prices to be delayed into later quarters. Along with higher steel price assumptions and delayed realization of prices by X,...
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Allegheny Technologies Reports Q4 EPS of $.15 vs. $.30
Wednesday, January 26, 2011 - 8:46am | 102Allegheny Technologies Incorporated (NYSE: ATI) reported net income for the fourth quarter 2010 of $15.1 million, or $0.15 per share, on sales of $1.04 billion. Fourth quarter 2010 results were impacted by a $19.5 million LIFO inventory valuation reserve charge and $20.4 million in start-up and...
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It's Official Now – Aperam Spun Off From ArcelorMittal
Tuesday, January 25, 2011 - 6:59pm | 143Image via Wikipedia Not surprisingly, an 'overwhelming majority' of ArcelorMittal (MT) shareholders approved the spinoff of its stainless and specialty steel businesses today. The new company, Aperam, will be a global leader in stainless steel production, an industry which has been plagued with...
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U.S. Steel in a Reviving Mood - Analyst Blog
Tuesday, January 25, 2011 - 5:31pm | 925United States Steel Corporation (X) reported net operating loss of $1.62 per share, wider than the Zacks Consensus estimate loss of $1.12. The loss also widened from $1.58 reported in fourth quarter 2009. For full year 2010, the company reported net loss $3.36 per share, a stark improvement from...
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AKS Subject To Most Pressure Among Steel Producers, Goldman Sachs Reports
Tuesday, January 25, 2011 - 5:15pm | 221AK Steel Holding (NYSE: AKS) reported 4Q2010 diluted EPS of a loss of $0.89 “versus our/consensus estimate of a loss of $0.72/$0.62,” Goldman Sachs reports. “Adjusting for some one-time charges, the adjusted net EPS was a loss of $0.49,” Goldman Sachs writes. “AKS's adjusted operating loss of $60...
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U.S. Steel in a Reviving Mood - Analyst Blog
Tuesday, January 25, 2011 - 4:54pm | 925United States Steel Corporation (X) reported net operating loss of $1.62 per share, wider than the Zacks Consensus estimate loss of $1.12. The loss also widened from $1.58 reported in fourth quarter 2009. For full year 2010, the company reported net loss $3.36 per share, a stark improvement from...
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AK Steel Underperforms - Analyst Blog
Tuesday, January 25, 2011 - 3:31pm | 779AK Steel Holding Corporation (AKS) reported fourth quarter results incurring an adjusted after-tax loss of $54.5 million or 49 cents per share outperforming the Zacks Consensus Estimate of loss of 62 cents per share. Fourth quarter results excluded one-time items of $63.7 million pre-tax charge...
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AK Steel Underperforms - Analyst Blog
Tuesday, January 25, 2011 - 3:00pm | 779AK Steel Holding Corporation (AKS) reported fourth quarter results incurring an adjusted after-tax loss of $54.5 million or 49 cents per share outperforming the Zacks Consensus Estimate of loss of 62 cents per share. Fourth quarter results excluded one-time items of $63.7 million pre-tax charge...
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United States Steel Corporation Declares Dividend of $.05; Announces Capital Budget of $990M
Tuesday, January 25, 2011 - 2:10pm | 119United States Steel Corporation (NYSE: X) announced today that the Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock. The dividend is payable March 10, 2011, to stockholders of record at the close of business February 9, 2011. The Board of Directors also...
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Arcelormittal Announces Changes to its Board
Tuesday, January 25, 2011 - 11:40am | 68It was announced and approved at ArcelorMittal's (NYSE: MT) Extraordinary General Meeting of Shareholders today that François Pinault will step down from his position as a member of the Board of Directors effective 26 January. M. Pinault, 74, joined the Board of Mittal Steel Company in June 2006...