India, July 30 -- Shares of SunCoke Energy, Inc. (SXC) were trading down over 6 percent on Wednesday after the company recorded a decline in earnings and revenue for the second quarter and revised down its annual net profit outlook.
For the second quarter, the firm posted a net income of $1.9 million, or $0.02 per share, less than $21.5 million, or $0.25 per share, in the same period last year. Revenue was $434.1 million, down from $470.9 million in the previous year.
Katherine Gates, CEO of SunCoke Energy, said: "Our quarterly financial results were adversely impacted by the timing and mix of contract and spot coke sales in the Domestic Coke segment and lower volumes in the Logistics segment. We expect higher Adjusted EBITDA in the secon...