AK Steel Holding Corporation Stock Up 12% After Earnings: Here's the Most Important Thing to Know

Shares of steelmaker AK Steel Holding Corporation (NYSE: AKS) finished the day up 12.4% on July 25, following the release of the company's financial and operating results for the second quarter, reporting revenue and profits that both beat Wall Street analyst expectations.

In short, the market is quite pleased with AK Steel's $1.56 billion in revenue, better than the consensus $1.53 billion estimate, and earnings of $0.19 per share, well ahead of the market's $0.13-per-share outlook.

AK Steel's high exposure to automakers could be a boon or a bust. Image source: Getty Images.

Source: Fool.com