We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|
1.00 | 3.99% | 26.07 | 26.28 | 25.548 | 25.66 | 3,782,741 | 01:00:00 |
By Kim Richters
Shares in ArcelorMittal (MT.AE) jumped Thursday after the steelmaker's third-quarter earnings beat analysts' expectations.
The Luxembourg-based company said its earnings before interest, taxes, depreciation and amortization fell to $1.06 billion compared with $2.73 billion a year earlier.
However, ArcelorMittal beat analysts' expectations of a quarterly Ebitda of $930 million, according to a company-compiled consensus.
Analysts at Citi expected an Ebitda of $920 million and said that the "beat was driven by stronger shipments in Europe, offsetting the weakness in mining business."
At 0855 GMT, shares in ArcelorMittal traded 7.1% higher at EUR15.56.
Analysts at Jefferies called the result a solid beat. "While there are puts and takes in the report, we expect shares to outperform today," the bank said.
ArcelorMittal also reported a net loss of $539 million compared with a profit of $899 million a year earlier, and sales of $16.63 billion, down from $18.52 billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 07, 2019 04:22 ET (09:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Arcelor Mittal Chart |
1 Month Arcelor Mittal Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions