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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
02/15/201707:09:48Statement of Ownership (sc 13g)
02/15/201701:00:00ACTIA : Chiffre d’affaires annuel 2016
02/13/201714:32:18Amended Statement of Ownership (sc 13g/a)
02/09/201711:50:36Amended Statement of Ownership (sc 13g/a)
02/09/201708:23:17Statement of Ownership (sc 13g)
02/09/201706:05:33Amended Statement of Ownership (sc 13g/a)
02/09/201701:00:00ACTIA GROUP : Information relative au nombre total de droits...
01/31/201716:36:25Statement of Changes in Beneficial Ownership (4)
01/31/201716:35:33Statement of Changes in Beneficial Ownership (4)
01/31/201716:34:41Statement of Changes in Beneficial Ownership (4)
01/31/201716:33:49Statement of Changes in Beneficial Ownership (4)
01/31/201716:32:57Statement of Changes in Beneficial Ownership (4)
01/31/201716:32:31Statement of Changes in Beneficial Ownership (4)
01/31/201716:31:39Statement of Changes in Beneficial Ownership (4)
01/24/201707:39:38Current Report Filing (8-k)
01/24/201707:15:00ATI Announces Fourth Quarter and Full Year 2016 Results
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)

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