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The steel maker estimated a wider-than-expected loss for thethird quarter as production was hit by a mechanical failure atits Ohio facility, sending its shares down 7 percent inafter-market trading. The steelmaker said it expects to incur aloss of 22 cents to 27 cents per share. Analysts were expectinga loss of 11 cents per share, according to Thomson ReutersI/B/E/S.
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The steel maker estimated a wider-than-expected loss for thethird quarter as production was hit by a mechanical failure atits Ohio facility, sending its shares down 7 percent inafter-market trading. The steelmaker said it expects to incur aloss of 22 cents to 27 cents per share. Analysts were expectinga loss of 11 cents per share, according to Thomson ReutersI/B/E/S.