Allegheny Technologies Reports Second-Quarter Loss

Summary


Allegheny Technologies Inc. said today it lost $13.4 million, or 14 cents per share on sales, in the second quarter this year, becoming yet another metals company to post a second quarter loss. Sales dropped by about half to $710 million.

Downtown-based Allegheny Technologies, a specialty metals and titanium producer, said its second quarter loss compared to a second quarter 2008 net income of $168.9 million, or $1.66 a share, on sales of $1.46 billion.

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Extract


Allegheny Technologies Reports Second-Quarter Loss

The quarter, which ended June 30, included a charge of $17 mi...

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