Investing.com - Allegheny Technologies (NYSE:ATI) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allegheny Technologies announced earnings per share of $0.4 on revenue of $834.1M. Analysts polled by Investing.com anticipated EPS of $0.2022 on revenue of $748.41M.
Allegheny Technologies shares are up 75.27% from the beginning of the year, still down 9.17% from its 52 week high of $30.74 set on April 14. They are outperforming the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies shares gained 1.00% in pre-market trade following the report.
Allegheny Technologies follows other major Materials sector earnings this month
Allegheny Technologies's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.838 on revenue of $11.66B.
Sherwin-Williams had beat expectations on April 26 with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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