SunCoke Posts $21.8M Third-Quarter Profit
SXC sits 81% above its 52-week low of $5.515.
Summary
SunCoke Energy reported third-quarter net income of $21.8 million, or 25 cents a share. That is up from the $15.6 million it earned in the second quarter, when it also raised full-year Adjusted EBITDA guidance on strong operations. Third-quarter Adjusted EBITDA rose 30% on higher terminals volumes, and the company guided above the high end of its range. The sequential step-up suggests the improved coke and logistics performance is carrying through the back half of the year.
At the time of this announcement, SXC was trading at $9.98 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $832.6M. The 52-week trading range was $5.52 to $10.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.