Movement Alert｜ATI Inc. Intraday Rise 5.14% in Regular Trading, strong earnings guidance continues to support shares

Market Focus10-26 23:27

On October 26, ATI Inc. rose 5.14% in Regular Trading, trading at $164.64 per share, with turnover of $87.6114 million.

The move was supported by the company’s previously reported earnings beat and sharply raised outlook, which continued to underpin sentiment ahead of its next earnings release on October 29.

ATI Inc. previously reported second-quarter adjusted EPS of $1.23, above market expectations of about $1.03 to $1.04, on revenue of $1.261 billion, also ahead of consensus. The company lifted full-year adjusted EPS guidance to $4.90 to $5.18 from $4.20 to $4.48, above the $4.45 market expectation, and guided third-quarter adjusted EPS to $1.31 to $1.37, also higher than forecasts. Earlier in August, Deutsche Bank raised its price target to $262 from $231 and maintained a Buy rating, adding supportive context.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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