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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
07/22/201616:19:05Current Report Filing (8-k)
07/20/201607:00:00Gabelli & Company’s 22nd Annual Aircraft & Connectivity Conference
07/12/201614:25:00U.S. Stainless Steel Sheet and Strip Industry Encouraged by Commerce...
07/12/201612:30:00Allegheny Technologies Announces Webcast of Conference Call for...
06/27/201611:50:00Domestic Producers Applaud Commerce Department's Preliminary...
06/21/201608:05:00Pre-market Insights on Industrial Goods Sector -- Allegheny Technologies...
06/10/201610:56:52Annual Report of Employee Stock Plans (11-k)
06/10/201610:54:05Annual Report of Employee Stock Plans (11-k)
06/10/201610:47:31Annual Report of Employee Stock Plans (11-k)
06/10/201610:44:11Annual Report of Employee Stock Plans (11-k)
06/10/201610:36:48Annual Report of Employee Stock Plans (11-k)
06/10/201610:31:52Annual Report of Employee Stock Plans (11-k)
06/02/201616:35:59Current Report Filing (8-k)
06/02/201616:20:00ATI’s CFO to Speak at the Deutsche Bank 7th Annual Global Industrials a...
06/02/201616:17:30Current Report Filing (8-k)
06/01/201616:15:00Allegheny Technologies Announces Exercise of Over-Allotment Option...
05/31/201616:21:50Specialized Disclosure Report (sd)
05/26/201614:12:07Annual Report of Employee Stock Plans (11-k)
05/24/201616:19:03Current Report Filing (8-k)
05/19/201616:43:09Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)

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