12:40 PM EDT, 07/31/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

ATI (ATI) shares fell 17.9% in recent Thursday trading after the company posted lower-than-expected Q2 revenue and narrowed its 2025 earnings guidance.

ATI reported fiscal Q2 adjusted earnings Thursday of $0.74 per share, up from $0.60 per share a year earlier.

Analysts surveyed by FactSet expected $0.71.

Sales for the quarter ended June 29 were $1.14 billion, up from $1.10 billion a year earlier.

Analysts polled by FactSet expected $1.16 billion.

For fiscal Q3, the company said it expects adjusted earnings to be in a range of $0.69 to $0.75 per share. Analysts surveyed by FactSet expect $0.75.

For fiscal 2025, the company said it expects adjusted earnings of $2.90 to $3.07 per share, compared to previous guidance of $2.87 to $3.09 per share. Analysts polled by FactSet expect $2.99.