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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Arcelor Mittal New | NYSE:MT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.15 | 0.59% | 25.37 | 25.555 | 25.255 | 25.49 | 995,586 | 21:15:00 |
From Apr 2019 to Apr 2024
0531 GMT--ArcelorMittal (MT) first-quarter Ebitda of $927 million beat consensus of $914 million but missed Jefferies' forecast of $945 million. Jefferies analyst Seth Rosenfeld said the "numbers are broadly in line with expectations." He notes that the NAFTA division was a "standout performer" while Europe and Brazil were a slight miss to consensus. Rosenfeld is "slightly surprised" ArcelorMittal didn't raise its 2016 Ebitda guidance of more than $4.5 billion given the recent rise in steel prices but noted ArcelorMittal doesn't necessarily need to revise the guidance since it's open-ended. He's keen to hear from management on when they expect the recent steel price rises to impact earnings. Jefferies has a buy rating and EUR6.25 target price.alex.macdonald@wsj.com)
(END) Dow Jones Newswires
May 06, 2016 01:52 ET (05:52 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Arcelor Mittal Chart |
1 Month Arcelor Mittal Chart |
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