Investing.com - Allegheny Technologies (NYSE:ATI) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allegheny Technologies announced earnings per share of $0.25 on revenue of $765.4M. Analysts polled by Investing.com anticipated EPS of $0.0978 on revenue of $728.66M.
Allegheny Technologies shares are up 18.08% from the beginning of the year, still down 24.88% from its 52 week high of $25.04 set on June 1, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies shares gained 1.28% in pre-market trade following the report.
Allegheny Technologies follows other major Materials sector earnings this month
Allegheny Technologies's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on January 26 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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