ATI has posted some positive financial news today with Q1 revenues climbing 26% from Q4 2005. However, this is tempered by the fact that ATI’s profits fell $7.6 Million from the last quarter. Last year was a rough year for ATI with most of it focused on inventory issues, but hopefully this latest news signals a better new year.
Read it here.
The company’s revenues climbed 26% over the Q4 2005 revenues, jumping to $591 million during the holiday season ending November 30, 2005.
However, the profit for the quarter was $7.6 million, down 88% on the previous year, but Wall Street was contented with revenues that beat its estimates, meaning that the results were viewed positively.