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Shares of Allegheny Technologies (NYSE:ATI) rose 2.8% in pre-market trading after the company reported Q1 results.
Earnings per share rose 66.67% year over year to $0.20, which beat the estimate of $0.11.
Revenue of $955,500,000 lower by 4.93% year over year, which beat the estimate of $936,720,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: May 05, 2020
Time: 06:04 PM ET
52-week high: $25.68
Company's 52-week low was at $4.95
Price action over last quarter: down 61.60%
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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