02.11.2023 12:45:31 - dpa-AFX: ATI Inc. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - ATI Inc. (ATI) released a profit for its third
quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings totaled $75.7 million, or $0.52 per share. This compares
with $61.1 million, or $0.42 per share, in last year's third quarter.
Excluding items, ATI Inc. reported adjusted earnings of $82.4 million or $0.55
per share for the period.
Analysts on average had expected the company to earn $0.53 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
Revenue came in at $1.03 billion, equal to the mark posted in the same period
last year.
ATI Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $75.7 Mln. vs. $61.1 Mln. last year.
-EPS (Q3): $0.52 vs. $0.42 last year.
-Analyst Estimate: $0.53
-Revenue (Q3): $1.03 Bln vs. $1.03 Bln last year.
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