Lexmark and AK Steel are two of the largest movers on the New York Stock Exchange today. AK Steel reported a loss of $59.2 million or 54 cents a share. The company continues to be hurt by weak margins. The shares have sunk nearly 5% today as shareholders question the companies liquidity.
Lexmark International reported that profit jumped 622% from a year earlier. It stated that it recorded revenue of $1 billion and earnings of $72 million. Despite the strong results the stock is currently down over 20%. Some of the blame for the decline can be attributed to the retirement of CEO Paul Curlander who has just announced his retirement, he will be succeeded by Paul Rooke.
To read our reports on these two stocks click below.
AK Steel Report
Lexmark Report
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