Kolkata, West Bengal -- (SBWIRE) -- 09/13/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on IAMGOLD Corporation (USA)(NYSE:IAG), United States Steel Corporation (NYSE:X), AK Steel Holding Corporation(NYSE:AKS).
IAMGOLD Corporation (USA)(NYSE:IAG) shares decreased 6.83% to $5.18. The company on August 12 reported its unaudited consolidated financial and operating results for the second quarter ending June 30, 2013. Revenues for the second quarter 2013 were $301.1 million, down $63.4 million from the same prior year period. Adjusted net earnings attributable to equity holders for the second quarter 2013 were $30.2 million ($0.08 per share) compared to $75.3 million ($0.20 per share) for the same prior year period. Net losses attributable to equity holders for the second quarter 2013 were $28.4 million ($0.08 per share), compared to net earnings of $52.9 million ($0.14 per share) in the second quarter 2012.
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United States Steel Corporation (NYSE:X) shares declined 1.37% to $20.18. Workers locked out at U.S. Steel Corp's (NYS:X) Lake Erie works in Canada have voted to accept a contract offer, according to results posted on their union's website late on Sept. 3. The union said 79 percent of its members participated in the vote, and 57 percent voted to accept the deal.
Additionally, Wellington Shields started coverage on shares of United States Steel Corp. (NYSE:X) in a research note released on Sept. 6. The firm issued a hold rating on the stock.
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AK Steel Holding Corporation(NYSE:AKS) shares declined 4.83% to $3.94. Moody's Investors Service downgraded the corporate family and probability of default ratings of AK Steel Corporation (AK Steel) to B3 from B2 and B3-PD from B2-PD on Sept. 3. At the same time, Moody's downgraded the company's senior unsecured notes rating to Caa1 from B3 and senior secured notes rating to B2 from B1. The notes are guaranteed by AK Steel Holding Corporation. The speculative grade liquidity rating remains unchanged at SGL-3. The outlook is stable. This concludes the review for downgrade initiated on July 24, 2013.
Additionally, the company said that it plans to release its third quarter 2013 financial results before the opening of trading on the New York Stock Exchange on Tuesday, October 22, 2013.
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