Investing.com - ATI Inc reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ATI Inc announced earnings per share of $0.54 on revenue of $959.9M. Analysts polled by Investing.com anticipated EPS of $0.3716 on revenue of $842.67M.
ATI Inc shares are up 59.13% from the beginning of the year, still down 17.53% 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.
ATI Inc shares lost 0.91% in pre-market trade following the report.
ATI Inc follows other major Materials sector earnings this month
ATI Inc's report follows an earnings missed by Sherwin-Williams on July 27, who reported EPS of $2.41 on revenue of $5.87B, compared to forecasts EPS of $2.77 on revenue of $6.03B.
Vale ADR had beat expectations on July 28 with second quarter EPS of $1.32 on revenue of $11.16B, compared to forecast for EPS of $0.8013 on revenue of $11.38B.
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