Revenue Update on SunCoke Energy Inc(NYSE:SXC)

SunCoke Energy Inc(NYSE:SXC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $292.70M. Analysts estimated a revenue of $286.20M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.02.

SunCoke Energy Inc (SXC) made into the market gainers list on Thursdays trading session with the shares advancing 0.66% or 0.05 points. Due to strong positive momentum, the stock ended at $7.57, which is also near the day’s high of $7.8. The stock began the session at $7.52 and the volume stood at 5,59,074 shares. The 52-week high of the shares is $12.56 and the 52 week low is $2.05. The company has a current market capitalization of $486 M and it has 6,41,79,528 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 22, 2015, Robert J Darnall (director) purchased 8,200 shares at $12.26 per share price.Also, 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.

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