Why Is Allegheny Technologies (ATI) Up 0.7% Since Last Earnings Report? [Yahoo! Finance]
ATI Inc. (ATI)
Last ati inc. earnings: 2/4 07:30 am
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ir.atimetals.com
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Allegheny Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ATI's Q2 Earnings Beat, Revenues Miss Estimates ATI recorded a profit of $81.9 million or 58 cents per share in the second quarter of 2024 compared with the year-ago quarter's profit of $90.4 million or 62 cents. ATI posted adjusted earnings of 60 cents, down 13% from the year-ago quarter's figure of 69 cents. Adjusted earnings exceeded the Zacks Consensus Estimate of 58 cents. The company's net sales in the first quarter were $1,095.3 million, missing the Zacks Consensus Estimate of $1,104 million. Net sales were up around 5% year over year. ATI saw strong year-over-year sales growth in aerospace and defense. Segment Highlights HPMC reported sales of $562 mi
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ATI
Earnings
- 10/29/24 - Miss
ATI
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form SC
- ATI's page on the SEC website