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News  ›  The Motley Fool

Why ATI Stock Was Crushing It This Week

The Motley Fool Logo The Motley Fool • •By Eric Volkman
Why ATI Stock Was Crushing It This Week

Specialty materials producer ATI reported strong Q3 earnings, with total sales up 7% year-over-year and aerospace and defense business growing 21%. The company beat analyst expectations and raised its full-year earnings guidance.

Insights
FpB   negative

Halted production at Chicago plant due to magnet shortages


ATI   positive

Company exceeded quarterly earnings expectations, increased sales by 7%, saw significant growth in aerospace and defense segment (21% increase), and raised full-year earnings guidance from $2.90-$3.07 to $3.15-$3.21 per share