Investing.com - Allegheny Technologies (NYSE:ATI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Allegheny Technologies announced earnings per share of $-0.12 on revenue of $616.2M. Analysts polled by Investing.com anticipated EPS of $-0.1911 on revenue of $634.78M.
Allegheny Technologies shares are up 17.35% from the beginning of the year and are trading at $19.68 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies shares lost 0.35% in intra-day trade the report.
Allegheny Technologies follows other major Materials sector earnings this month
Allegheny Technologies's report follows an earnings missed by Vale ADR on Thursday, who reported EPS of $1.44 on revenue of $16.68B, compared to forecasts EPS of $1.48 on revenue of $16.83B.
Sherwin-Williams had missed expectations on Tuesday, July 27, 2021 with second quarter EPS of $2.65 on revenue of $5.38B, compared to forecast for EPS of $2.67 on revenue of $5.39B.
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