Allegheny Technologies Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Allegheny Technologies Inc (ATI) reported earnings for its fourth quarter that climbed from last year.

The company's earnings came in at $41.1 million, or $0.30 per share. This compares with $1.7 million, or $0.01 per share, in last year's fourth quarter.

Excluding items, Allegheny Technologies Inc reported adjusted earnings of $207.7 million or $1.51 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.3% to $1.04 billion from $0.91 billion last year.

Allegheny Technologies Inc earnings at a glance:

-Earnings (Q4): $207.7 Mln. vs. $34.6 Mln. last year. -EPS (Q4): $1.51 vs. $0.27 last year. -Analysts Estimate: $0.34 -Revenue (Q4): $1.04 Bln vs. $0.91 Bln last year.