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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;;

Stock News for Allegheny (ATI)
07/01/201508:27:02Current Report Filing (8-k)
07/01/201507:35:00ATI and USW Continue to Operate Under Existing Labor Agreements
06/24/201507:28:00Columbia Pipeline to Join the S&P 500; Other Changes to S&P MidCap...
06/17/201516:26:34Current Report Filing (8-k)
06/17/201508:00:00ATI to Expand Nickel-Based Superalloy Powder Capabilities
06/15/201503:55:00ATI Achieves PQ Titanium Product and Process Qualification
06/11/201516:15:00ATI Names Vice President of New Product Development
06/11/201515:23:31Annual Report of Employee Stock Plans (11-k)
06/11/201515:19:10Annual Report of Employee Stock Plans (11-k)
06/11/201515:16:00Annual Report of Employee Stock Plans (11-k)
06/11/201515:10:49Annual Report of Employee Stock Plans (11-k)
06/11/201515:07:15Annual Report of Employee Stock Plans (11-k)
06/11/201515:04:29Annual Report of Employee Stock Plans (11-k)
06/11/201514:56:25Annual Report of Employee Stock Plans (11-k)
06/02/201512:00:00ACTIA Muller fusionne avec ACTIA Automotive
05/29/201507:18:25Specialized Disclosure Report (sd)
05/28/201516:42:40Current Report Filing (8-k)
05/28/201516:15:00ATI Discovers Defective Rotary Crop Shear Component at its Hot-Rolling...
05/21/201516:57:09Amended Current Report Filing (8-k/a)

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