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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)
02/03/201613:33:04Amended Statement of Ownership (sc 13g/a)
02/03/201612:00:00ACTIA GROUP: Information relative au nombre total de droits de...
02/01/201617:37:08Statement of Changes in Beneficial Ownership (4)
02/01/201617:36:15Statement of Changes in Beneficial Ownership (4)
02/01/201617:35:24Statement of Changes in Beneficial Ownership (4)
02/01/201617:33:17Statement of Changes in Beneficial Ownership (4)
02/01/201617:32:47Statement of Changes in Beneficial Ownership (4)
02/01/201617:31:55Statement of Changes in Beneficial Ownership (4)
01/28/201615:47:22Statement of Ownership (sc 13g)
01/26/201607:40:37Current Report Filing (8-k)
01/26/201607:30:00Allegheny Technologies Announces Fourth Quarter and Full Year...
01/20/201616:44:25Current Report Filing (8-k)
01/19/201609:20:00Allegheny Technologies to Book $267 Million in Charges
01/19/201607:45:00ATI Announces Flat Rolled Products Impairment and Other Charges
01/12/201610:30:00Allegheny Technologies Announces Webcast of Conference Call for...
12/18/201516:15:39Statement of Changes in Beneficial Ownership (4)
12/18/201509:02:21Post-effective Amendment to an S-8 Filing (s-8 Pos)
12/18/201501:00:00ACTIA Group : Calendrier Financier 2016
12/16/201517:55:45Statement of Changes in Beneficial Ownership (4)

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