Its revenue fell to $257.7 million from $262.5 million as lower demand for industrial-grade products were offset by higher prices.
Analysts polled by FactSet were expecting the company to earn 16 cents per share on revenue of $282.5 million.
Titanium Metals shares closed regular trading at $11.57 but jumped $4.95 to $16.52 after hours. That is beyond its 52-week trading range of $10.42 to $16.53. Precision's shares increased $4.92 to $176.25 in after-hours trading.