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Allegheny Technologies (ATI) Stock Plunges on Q3 Miss

NEW YORK (TheStreet) -- Shares of Allegheny Technologies (ATI) were retreating 15.39% to $15.06 on heavy trading volume early-afternoon Tuesday after the company reported 2016 third-quarter results that fell short of analysts' expectations.

Before today's market open, Allegheny posted an adjusted loss of 21 cents per share, higher than analysts' estimated loss of 9 cents per share.

Revenue came in at $770.5 million, below Wall Street's projected $821.9 million.

During the same period last year, the Pittsburgh-based specialty materials and...


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