ArcelorMittal Q2 EPS $2.20 Beats $1.81 Estimate, Sales $18.61B Miss $19.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal's Q2 earnings per share (EPS) of $2.20 beat the analyst consensus estimate of $1.81 by 21.55%, but it's a 48.11% decrease from the same period last year. The company's quarterly sales of $18.61 billion missed the analyst consensus estimate of $19.25 billion by 3.32%, marking a 15.95% decrease from the same period last year.
July 27, 2023 | 5:56 am
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ArcelorMittal's Q2 earnings beat estimates but are down YoY. Sales missed estimates and are also down YoY.
ArcelorMittal's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
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