ATI shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its F24 EPS and adjusted EBITDA guidance.
Portfolio Pulse from Benzinga Newsdesk
ATI shares declined following the release of disappointing Q3 financial results and a reduction in F24 EPS and adjusted EBITDA guidance.
October 29, 2024 | 1:45 pm
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ATI's stock is trading lower due to worse-than-expected Q3 financial results and a downward revision of F24 EPS and adjusted EBITDA guidance.
The company's Q3 financial results were below expectations, which typically leads to a negative market reaction. Additionally, the reduction in future earnings guidance further pressures the stock price downward.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100