Yahoo Finance ATI First Quarter 2024 Earnings: Beats Expectations
ATI (NYSE:ATI) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.04b (flat on 1Q 2023).
Net income: US$66.1m (down 22% from 1Q 2023).
Profit margin: 6.3% (down from 8.1% in 1Q 2023).
EPS: US$0.52 (down from US$0.66 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ATI Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are up 16% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for ATI you should know about.
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