Investing.com - Allegheny Technologies (NYSE:ATI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Allegheny Technologies announced earnings per share of $-0.38 on revenue of $598M. Analysts polled by Investing.com anticipated EPS of $-0.61 on revenue of $639.5M.
Allegheny Technologies shares are down 59.97% from the beginning of the year and are trading at $8.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies shares gained 2.78% in pre-market trade the report.
Allegheny Technologies follows other major Basic Materials sector earnings this month
Allegheny Technologies's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.78 on revenue of $5.07B.
Newmont Goldcorp had beat expectations on Thursday with third quarter EPS of $0.86 on revenue of $3.17B, compared to forecast for EPS of $0.84 on revenue of $3.29B.
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