SunCoke Energy Inc (SXC) Releases Earnings Results, Misses Expectations By $-0.10 EPS

SunCoke Energy Inc (SXC) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.03. The company posted revenue of $292.70 million in the period, compared to analysts expectations of $286.85 million. The company’s revenue was down -15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

SunCoke Energy Inc closed down -0.95 points or -11.86% at $7.06 with 15,90,170 shares getting traded on Thursday. Post opening the session at $7.91, the shares hit an intraday low of $6.28 and an intraday high of $7.91 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 22, 2015, Robert J Darnall (director) purchased 8,200 shares at $12.26 per share price. According to the SEC, on Jul 22, 2015, Frederick A. Henderson (CEO) purchased 6,150 shares at $12.19 per share price. On Feb 17, 2015, Allison S Lausas (Vice President & Controller) purchased 500 shares at $16.35 per share price, according to the Form-4 filing with the securities and exchange commission.

SunCoke Energy Inc. (SunCoke) is an independent producer of coke a principal raw material in the blast furnace steelmaking process. The Company operates through four segments: Domestic Coke Brazil Coke India Coke and Coal Logistics. The Company’s Domestic Coke consists of its Indiana Harbor Haverhill Granite City and Middletown cokemaking and heat recovery operations located in Vansant Virginia; East Chicago Indiana; Franklin Furnace Ohio; Granite City Illinois and Middletown Ohio respectively. The Company’s Brazil Coke consists of its operations in Vitoria Brazil where it operates a cokemaking facility for a Brazilian subsidiary of ArcelorMittal. India Coke consists of its cokemaking joint venture with Visa Steel in Odisha India. Coal Logistics consists of its coal handling and blending service operations in East Chicago Indiana; Ceredo West Virginia; Belle West Virginia; and Catlettsburg Kentucky.

SunCoke Energy Inc

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