Why AK Steel Holding (AKS) Stock Hit A Two Year High Today

NEW YORK (TheStreet) -- Shares of AK Steel Holding Corp. (AKS) are up 2.22% to $8.97 to hit a two-and-a-half year high today following an unexpected second quarter profit and an upbeat full year outlook, helped by higher steel shipments than the first quarter of 2014.

The company reported adjusted earnings for the second quarter of 2 cents per share, reversing from a 30 cent loss in the second quarter a year ago, and topping analyst estimates of a 4 cent loss. 

Second quarter revenue climbed 9.3% to $1.53 billion, better than the $1.4 billion in the same quarter of 2013, and beating the $1.51 billion consensus estimate.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

AKS Chart AKS data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?