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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