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, still down 21.41% from its 52 week high of $25.04 set on June 1. 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 following 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 July 27 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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