ATI Announces Third Quarter 2018 Results
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Allegheny Technologies (ATI) Misses Q3 EPS by 2c
October 23, 2018 7:15 AM EDTAllegheny Technologies (NYSE: ATI) reported Q3 EPS of $0.37, $0.02 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1 billion.
Strategy and Outlook
In the HPMC segment, we expect continued year-over-year revenue and operating profit growth in the fourth quarter 2018 resulting from ongoing aerospace market demand growth and improved asset utilization. We reiterate our guidance for a full year 2018 segment operating profit margin improvement of approximately 300 basis points compared to 2017. We... More
