Allegheny Technologies Inc Q2 adjusted earnings Miss Estimates

(RTTNews) - Allegheny Technologies Inc (ATI) revealed earnings for its second quarter that advanced from last year.

The company's bottom line totaled $72.8 million, or $0.52 per share. This compares with $10.1 million, or $0.09 per share, in last year's second quarter.

Excluding items, Allegheny Technologies Inc reported adjusted earnings of $43.3 million or $0.32 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.8% to $1.01 billion from $0.88 billion last year.

Allegheny Technologies Inc earnings at a glance:

-Analysts Estimate: $0.36 -Revenue (Q2): $1.01 Bln vs. $0.88 Bln last year.