ArcelorMittal Q3 EPS $1.10 Beats $0.96 Estimate, Sales $16.62B Down From $18.98B YoY
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal (NYSE:MT) reported Q3 earnings of $1.10 per share, beating the analyst consensus estimate of $0.96 by 14.58%. However, this is a 0.9% decrease from the same period last year. The company's sales this quarter were $16.62 billion, a 12.41% decrease from the same period last year.
November 09, 2023 | 6:58 am
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ArcelorMittal's Q3 earnings beat estimates but are down YoY. Sales also decreased by 12.41% YoY.
ArcelorMittal's earnings beat estimates, which is positive for the stock. However, the decrease in earnings and sales YoY could be a concern for investors, potentially leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100