ATI Inc. (ATI) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $137.1 million, or $0.94 per share. This compares with $145.7 million, or $0.99 per share, last year.
Excluding items, ATI Inc. reported adjusted earnings of $114.6 million or $0.79 per share for the period.
Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.2% to $1.172 billion from $1.064 billion last year.
ATI Inc. earnings at a glance (GAAP) :
-Earnings: $137.1 Mln. vs. $145.7 Mln. last year.
-EPS: $0.94 vs. $0.99 last year.
-Revenue: $1.172 Bln vs. $1.064 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.55 - $0.61
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