Dropping prices weigh down AK Steel
Loss To Be Wider than Expected
AK Steel predicted a fourth-quarter loss of $0.67 to $0.72 a share, partially because of a $0.33 charge on the value of deferred tax assets. Analysts only expected a loss of $0.19. Management also predicted lower selling prices for its steel. AKS fell 9 percent before the bell on my tradeMONSTER platform.
Dick's Sporting Climbs on Earnings Beat
Dicks Sporting Goods reported profit of $0.40 a share on revenue of $1.31 billion. That beat the consensus estimates of $0.37 and $1.30 billion, respectively. Management also raised guidance, sending DKS higher by almost 5 percent in early trading.
Nanosphere Climbs on FDA Nod
Nanosphere said that the Food & Drug Administration granted clearance permitting marketing of its CYP2C19 nucleic acid test on the automated Verigene System. NSPH rose by 14 percent in the premarket.
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