ATI Q3 2024 Adj. EPS $0.60 Misses $0.66 Estimate, Sales $1.051B Miss $1.124B Estimate
Portfolio Pulse from Benzinga Newsdesk
ATI reported Q3 2024 earnings of $0.60 per share, missing the $0.66 estimate, and sales of $1.051 billion, missing the $1.124 billion estimate. Earnings decreased by 6.25% from last year, while sales increased by 2.44%.
October 29, 2024 | 11:33 am
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NEGATIVE IMPACT
ATI's Q3 2024 earnings and sales missed analyst estimates, with EPS at $0.60 and sales at $1.051 billion. This could negatively impact the stock price in the short term.
ATI's earnings per share and sales both missed analyst expectations, which typically leads to a negative reaction in the stock market. The decrease in EPS compared to last year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100