Allegheny Technologies (ATI) Tops Q2 EPS by 1c, Guides Below for FY
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Allegheny Technologies Incorporated (NYSE: ATI) reports Q2 EPS of $1.55 (ex-tax benefit), 1 cent better than estimates. Revenues were $1.46 billion vs. $1.41 billion consensus.
“Looking forward, we expect the normal third quarter seasonal slowdown. We believe we are well-positioned to continue to achieve good performance in this uncertain U.S. economy due to our product and market diversification and our global reach. At this point, we expect full-year 2008 earnings per share to be in the range of $5.80 to $6.10...." (Consensus is $6.42)
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