Allegheny Technologies: Q4 Earnings Snapshot

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PITTSBURGH (AP) _ Allegheny Technologies Inc. (ATI) on Wednesday reported a loss of $29.8 million in its fourth quarter.

On a per-share basis, the Pittsburgh-based company said it had a loss of 23 cents. Earnings, adjusted for one-time gains and costs, came to 25 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The maker of steel and specialty metals posted revenue of $765.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $734 million.

For the year, the company reported that its loss narrowed to $38.2 million, or 30 cents per share. Revenue was reported as $2.8 billion.

Allegheny Technologies shares have risen 18% since the beginning of the year, while the S&P's 500 index has climbed 21%. The stock has increased 6% in the last 12 months.

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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