Why ATI Stock Was Crushing It This Week
Specialty materials producer ATI's (NYSE: ATI) stock has had quite a run lately. Its share price was rising by more than 13% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. Much of this was due to a beat-and-raise third quarter posted by the industrial company, aided by a pair of analyst price target increases.
ATI published that quarterly earnings digest on Tuesday, revealing that its total sales for the period were 7% higher year over year at $1.13 billion. This was helped significantly by the excellent performance of the company's pivotal aerospace and defense business, which experienced a 21% increase in its take to $793 million.
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Source Fool.com
