🟢 Allegheny Technologies is trading 12.2% up today after Q2 earnings beat and raised full-year guidance

Allegheny Technologies is trading 12.2% up now at $230.14 after reporting second-quarter adjusted EPS of $1.23 and revenue of $1.26 billion, exceeding analyst expectations.

• Management raised full-year adjusted EPS guidance to $4.90–$5.18 from $4.20–$4.48 and lifted free-cash-flow guidance to $550–$600 million.
• The earnings-driven move follows strong aerospace and defense demand, including a record $4.4 billion backlog.