Investing.com - Allegheny Technologies (NYSE:ATI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allegheny Technologies announced earnings per share of $-0.02 on revenue of $770.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $-0.12 on revenue of $755.09M.
Allegheny Technologies shares are down 57.02% from the beginning of the year and are trading at $8.92 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Allegheny Technologies shares gained 0.45% in pre-market trade after the report.
Allegheny Technologies follows other major Basic Materials sector earnings this month
Allegheny Technologies's report follows an earnings beat by Air Products on Thursday, July 23, 2020, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Sherwin-Williams had beat expectations on Tuesday, July 28, 2020 with second quarter EPS of $7.1 on revenue of $4.6B, compared to forecast for EPS of $5.69 on revenue of $4.55B.
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