30.04.2024 17:34:51 - dpa-AFX: ATI Stock Rises Despite Decline In Q1 Profit
WASHINGTON (dpa-AFX) - Stock of ATI Inc. (ATI) is climbing over 16 percent
on Tuesday despite reporting a decline in profit for the first quarter.
Earnings decreased to $66.1 million or $0.46 per share from last year's $84.5
million or $0.58 per share.
However, revenue stood steady at $1.04 billion.
Currently, ATI's stock is moving up 16.73 percent, to $60.58 over the previous
close of $51.90 on a volume of around 1 million shares. The stock has traded
between $34.10 and $61.08 in the past 52-week period.
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