SunCoke Energy Inc. (SXC) reported higher earnings for the second quarter compared to the same period last year, surpassing Wall Street expectations.
The company's net income reached $21.5 million, or $0.25 per share, up from $20.4 million, or $0.24 per share, in the second quarter of the previous year.
Analysts, on average, had projected a break-even quarter for the company, according to Thomson Reuters. It's important to note that analysts' forecasts typically exclude one-time items.
However, the company's quarterly revenue declined 11.9%, falling to $470.9 million from $534.4 million a year earlier.
Summary of SunCoke Energy Inc.'s second-quarter earnings (GAAP):
- Net Income: $21.5 million compared to $20.4 million last year
- Earnings Per Share (EPS): $0.25 compared to $0.24 last year
- Revenue: $470.9 million compared to $534.4 million last year
