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Why Allegheny Technologies Stock Just Jumped 10%

TheMotleyFool 
0 0 25.07.17
Why Allegheny Technologies Stock Just Jumped 10%Photo, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png
 
Why Allegheny Technologies Stock Just Jumped 10%

Shares of aerospace components and specialty metals maker Allegheny Technologies (NYSE: ATI) stock are up 10.4% as of 2:55 p.m. EDT.

Allegheny Technologies -- which despite the name is anything but a tech stock -- reported  Q2 earnings this morning. Revenue of $880.2 million exceeded analyst expectations, as did earnings, with Allegheny reporting per-share profits of $0.09 for the quarter -- two cents ahead of the consensus. 

Allegheny Technologies' earnings -- shiny! Image source: Getty Images.

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Source: Fool.com

Allegheny Technologies Stock

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-0.660%
Allegheny Technologies shows a slight decrease today, losing -€1.300 (-0.660%) compared to yesterday.
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 229 € there is a slightly positive potential of 16.99% for Allegheny Technologies compared to the current price of 195.75 €.
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