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Tuesday, Feb 7
2012, 3:43 PM
RTI International Metal (RTI -11.1%) gets hammered after its Q4 results missed EPS estimates...
RTI International Metal (RTI -11.1%) gets hammered after its Q4 results missed EPS estimates despite a 23% jump in Y/Y profit. Restructuring costs contributed to the shortfall as the company transitions to a fully-integrated end-to-end supplier of advanced titanium components, plus weakness in its fabrication unit due to third party material delivery delays which resulted in lower operating income.