Why AK Steel Stock Popped 18% Today

Shares of Ohioan steelmaker AK Steel (NYSE: AKS) surged 18.1% to land at an even $3 a share by close of trading Tuesday, after the company reported profits more than three times above what Wall Street had expected.

Heading into earnings, analysts estimated that AK's second-quarter profits would drop by 67% from last year's $0.18, to just $0.06 per share. Instead, profits rose 18% to $0.21 per share.  

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