Allegheny Technologies: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 07:40 AM ET
Last Updated - May 27, 2024, 01:05 AM EDT
DALLAS (AP) — DALLAS (AP) — Allegheny Technologies Inc. (ATI) on Tuesday reported first-quarter net income of $66.1 million.
The Dallas-based company said it had profit of 46 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The maker of steel and specialty metals posted revenue of $1.04 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.01 billion.
