ATI Reports Fourth Quarter Gain

ATI officials have reported a 7% fourth quarter revenue gain, with better than expected sales. The company reported a profit of $22.3 million, or 9 cents a share for the quarter ended August 31. This compares with a loss of $34.6 million or 15 cents a share in the same period last year. Adjusted earnings rose to $29 million or 12 cents a share, from a loss of $100,000, while revenue increased to $380.7 million from $222.9 million last year. These results have exceeded the company's own forecasts of between $335 and $365 million.