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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; Tess.Stynes@dowjones.com;

Stock News for Allegheny (ATI)
DateTimeHeadline
04/26/201612:00:00ACTIA GROUP : Mise à disposition des documents relatifs à l'Assemblée Gé...
04/26/201612:00:00ACTIA GROUP : Information relative au nombre total de droits...
04/26/201607:32:52Current Report Filing (8-k)
04/26/201607:20:00ATI Announces First Quarter 2016 Results
04/21/201612:00:00ACTIA Group : Mise à disposition du Document de Référence 20...
04/19/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
04/18/201616:43:08Current Report Filing (8-k)
04/18/201616:25:00ATI Announces Restructuring Actions to Further Streamline Flat...
04/12/201610:31:00Allegheny Technologies Announces Webcast of Conference Call for...
04/07/201601:00:00ACTIA Group renouvelle son éligibilité au PEA-PME
03/31/201601:00:00ACTIA Group : Résultats annuels 2015
03/28/201612:58:26Proxy Statement (definitive) (def 14a)
03/10/201616:14:22Current Report Filing (8-k)
03/10/201612:00:00Actia Group: Information relative au nombre total de droits de...
03/04/201616:15:00ATI Flat Rolled Products Employees to Return to Work
03/02/201617:45:19Current Report Filing (8-k)
02/29/201618:52:23Statement of Changes in Beneficial Ownership (4)
02/29/201618:45:43Statement of Changes in Beneficial Ownership (4)
02/29/201618:26:25Statement of Changes in Beneficial Ownership (4)
02/26/201611:55:00Allegheny Technologies Declares Quarterly Dividend

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