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Shares of Allegheny Technologies (NYSE:ATI) decreased 0.1% in pre-market trading after the company reported Q4 results.
Earnings per share were down 191.67% year over year to ($0.33), which beat the estimate of ($0.36).
Revenue of $658,300,000 declined by 35.40% year over year, which beat the estimate of $603,990,000.
Allegheny Technologies hasn't issued any earnings guidance for the time being.
Allegheny Technologies hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Jan 28, 2021
Time: 08:30 AM
52-week high: $20.78
Company's 52-week low was at $4.95
Price action over last quarter: Up 97.61%
Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
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