FX.co ★ SunCoke Energy Inc. Q2 Profit Rises, Beats Estimates

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