Earnings call: ATI reports mixed Q3 results amid operational challenges

ATI shares slide 5% on disappointing Q3 results and lowered guidance

ATI Inc. reported lower-than-expected Q3 earnings and cut its 2024 outlook, citing issues in aerospace production and supply chain disruptions, causing a 5% drop in shares.

KeyBanc cuts ratings on aerospace stocks

KeyBanc downgraded ATI and Howmet Aerospace due to slowing orders and inventory build-up, though it remains optimistic about the aerospace aftermarket and space defense sectors.