DALLAS (AP) — DALLAS (AP) — ATI Inc. (ATI) on Thursday reported third-quarter net income of $189.8 million.
On a per-share basis, the Dallas-based company said it had net income of $1.37. Earnings, adjusted for one-time gains and costs, were $1.46 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The maker of steel and specialty metals posted revenue of $1.42 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.32 billion.
For the current quarter ending in December, ATI expects its per-share earnings to range from $1.51 to $1.57.
The company expects full-year earnings in the range of $4.90 to $5.18 per share.
ATI shares have increased 44% since the beginning of the year, while the S&P's 500 index has increased 13%. The stock has risen 68% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATI at https://www.zacks.com/ap/ATI
