Investing.com - Allegheny Technologies (NYSE:ATI) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Allegheny Technologies announced earnings per share of $-0.33 on revenue of $658.3. Analysts polled by Investing.com anticipated EPS of $-0.3525 on revenue of $604.05M.
Allegheny Technologies shares are up 8.53% from the beginning of the year and are trading at $18.20 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies follows other major Basic Materials sector earnings this month
Allegheny Technologies's report follows an earnings beat by Sherwin-Williams on Thursday, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on Monday with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7088 on revenue of $2.03B.
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