ATYT Runup

dots Posted on October 6, 2005 , filed under Stocks | Print This Post

Look at ATYT jumping up today. The company released its 4th quarter earnings today. ATI’s revenue was down to $470M, $60M lower that its 3rd quarter revenue. Analysts had estimated the company would lose 30c a share for the current quarter. Instead the company lost 41c a share, from a profit of 24c a year earlier.

Retail products are still unavailable and the company posted disappointing 4th quarter results, yet the stock is jumping. Day traders have certainly caught onto this stock today. Looks like someone knows something none of us do.

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