WASHINGTON (dpa-AFX) - Allegheny Technologies Inc. (ATI) announced that it expects first-quarter net income attributable to company to be approximately $10 million, or $0.09 per share, on sales of approximately $1.18 billion. The company said its operating performance continued to be impacted by record-low base-selling prices for cold-rolled standard sheet, primarily due to low-priced imports, weak demand and low prices for grain-oriented electrical steel, and weak demand for zirconium and related alloys.
Analysts polled by Thomson Reuters expect the company to report profit of $0.24 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expect revenue of $1.20 billion for the quarter.
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