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Shares of Allegheny Technologies (NYSE:ATI) decreased 0.1% in pre-market trading after the company reported Q4 results.
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Quarterly Results
Earnings per share were down 191.67% year over year to ($0.33), which beat the estimate of ($0.36).
Revenue of $658,300,000 declined by 35.40% year over year, which beat the estimate of $603,990,000.
Outlook
Allegheny Technologies hasn't issued any earnings guidance for the time being.
Allegheny Technologies hasn't issued any revenue guidance for the time being.
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Details Of The Call
Date: Jan 28, 2021
Time: 08:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/atimetals/mediaframe/42450/indexr.html
Price Action
52-week high: $20.78
Company's 52-week low was at $4.95
Price action over last quarter: Up 97.61%
Company Description
Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.