Why Allegheny Technologies Stock Just Jumped 10%

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