NEW YORK (TheStreet) -- AK Steel Holding Corp. (AKS) shares are spiking by 7.11% to $1.9601 on Tuesday morning, after the company earlier this morning reported its fourth quarter fiscal 2015 earnings results.
The company reported adjusted earnings of 30 cents a share, exceeding analysts' earnings projections of 1 cent a share.
Sales of $1.54 billion also beat expectations of $1.5 billion.
During the same period last year, the company earned 7 cents a share on revenue of $1.997.6 billion.
"We achieved solid operational improvements during the fourth quarter as a direct result of focusing on the things that we can control," said CEO Roger K. Newport.
Despite the earnings beat, the company not excluding charges, reported a loss of $147.1 million or 83 cents a share, as its results were negatively impacted by total charges of $200.9 million related to pension accounting.
Additionally, shipments during the latest quarter dropped to 1.66 million tons, compared to 2.01 million tons a year ago.
The company also added that its business is being pressured by unfairly priced imports from steelworkers in Brazil, China and India.
Separately, TheStreet Ratings currently has a Sell rating on the stock with a letter grade of D.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate AK STEEL HOLDING CORP as a Sell with a ratings score of D. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: AKS