ATI Inc (ATI) Q2 Earnings Beat, Revenues Miss Estimates

ATI Inc. (ATI) recorded a profit of $81.9 million or 58 cents per share in the second quarter of 2024 compared with the year-ago quarter's profit of$90.4 million or 62 cents.ATI posted adjusted earnings of 60 cents, down 13% from the year-ago quarter’s figure of 69 cents. Adjusted earnings exceeded the Zacks Consensus Estimate of 58 cents.The company’s net sales in the first quarter were $1,095.3 million, missing the Zacks Consensus Estimate of$1,104 million. Net sales were up around 5% year over year. AT ...