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Allegheny Technologies Sharply Boosts 4Q EPS View

DOW JONES NEWSWIRES Allegheny Technologies Inc. (ATI) boosted its fourth-quarter profit estimate sharply amid improving volume and pricing as well as benefits from earlier cost cutting and lower raw materials expenses. The metals processor's shares were up 5.1% at $40.01 in recent premarket trading. The stock was up 49% this year through Wednesday's close. The company now expects earnings of 20 cents to 25 cents a share, compared with its October view for in line with the third quarter's 1-cent profit. President and Chairman L. Patrick Hassey said Thursday that with the fourth-quarter projection, "ATI will be profitable in 2009." In addition to improving sales, the company also has been improving its position with key customers and expanding its product, market and geographic diversification. The company's markets range from aerospace and defense to chemical processing to food equipment. ATI plans to release its fourth-quarter results Jan. 27. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; [email protected];

Stock News for Allegheny (ATI)
DateTimeHeadline
01/17/201716:41:46Amended Statement of Ownership (sc 13g/a)
01/10/201711:50:00Allegheny Technologies Announces Webcast of Conference Call for...
01/09/201714:05:12Amended Statement of Ownership (sc 13g/a)
01/06/201710:41:05Annual Report of Employee Stock Plans (11-k)
01/06/201710:37:34Annual Report of Employee Stock Plans (11-k)
01/06/201710:34:13Annual Report of Employee Stock Plans (11-k)
12/12/201612:00:00ACTIA: Calendrier des publications financières 2017
12/01/201616:24:09Current Report Filing (8-k)
12/01/201616:10:00Allegheny Technologies Suspends Quarterly Dividend
11/10/201601:00:00ACTIA : Chiffre d’affaires du 3ème trimestre 2016
11/04/201611:36:47Statement of Ownership (sc 13g)
11/04/201602:00:00ACTIA GROUP : Information relative au nombre total de droits...
11/02/201616:06:29Quarterly Report (10-q)
10/31/201616:05:31Current Report Filing (8-k)
10/25/201607:28:16Current Report Filing (8-k)
10/25/201607:15:00ATI Announces Third Quarter 2016 Results
10/11/201611:29:00Allegheny Technologies Announces Webcast of Conference Call for...
09/21/201601:00:00ACTIA Group : Mise à disposition du Rapport Financier Semestriel...
09/21/201601:00:00ACTIA : Résultats du 1er semestre 2016
09/12/201614:02:00U.S. Stainless Steel Sheet And Strip Producers Encouraged By...

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