India, Feb. 4 -- ATI Inc. (ATI), a company that produces specialty materials, Tuesday announced a reduction in fourth-quarter earnings, yet beat the estimates. The company provided guidance for the first quarter.
Shares of ATI are increasing to 9% in the pre-market trading.
For the fourth quarter, profit decreased to $137.1 million, or $0.94 per share compared with $145.7 million, or $0.99 per share last year.
The adjusted earnings were at $115 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 revenue for the period rose 10.2 percent to $1.172 billion from $1.064 billion last year.
For the first quarter of 2025, the ...