XLI Industrial Select Sector

122.89

-0.34 (-0.28%)

22 Jun 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Industrial Select Sector	AMEX:XLI	AMEX	Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.34	-0.28%	122.89	123.28	121.92	123.21	6,858,503	00:10:48

Bear of the Day: Allegheny Technologies (ATI) - Bear of the Day

02/05/2013 5:13am

Zacks

Allegheny Technologies (ATI) reported net income for the first quarter 2013 slumping 82% to $10.0 million, or $0.09 per share, on sales of $1.18 billion.

For this diversified maker of specialty metals products from stainless steel to titanium and superalloys, that was quite a drop compared with net income of $56.2 million, or $0.50 per share, on sales of $1.35 billion for Q1 last year.

But the Zacks Rank has been on top of this decline since the summer of 2011 when the stock was at $65. To be specific, ATI has spent most of its time as a Zacks #4 Rank (Sell) or #5 Rank (Strong Sell) in the past 22 months as it fell to back to 52-week lows this week near $26.

The Price & Consensus Chart, which plots annual earnings estimates against the stock price, says it all...