ATI (ATI) reported Q3 adjusted earnings Tuesday of $0.60 per share, down from $0.64 a year earlier.
Analysts polled by Capital IQ expected $0.67.
Net sales for the quarter ended Sept. 30 were $1.05 billion, compared with $1.03 billion a year earlier.
Analysts surveyed by Capital IQ expected $1.12 billion.
For 2024, the company said it now expects adjusted EPS to be in the range of $2.24 to $2.30, compared with $2.40 to $2.60 previously. Analysts polled by Capital IQ expect $2.48.
ATI shares were down 7.2% in recent premarket activity.
Price: 58.70, Change: -4.52, Percent Change: -7.15
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