ArcelorMittal Q2 2024 GAAP EPS $0.63 Misses $0.71 Estimate, Sales $16.249B Miss $16.521B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal (NYSE:MT) reported Q2 2024 earnings of $0.63 per share, missing the analyst estimate of $0.71. Sales were $16.249 billion, also below the $16.521 billion estimate. Both earnings and sales showed significant declines compared to the same period last year.
August 01, 2024 | 5:38 am
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ArcelorMittal's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $0.63 vs. $0.71 expected and sales at $16.249 billion vs. $16.521 billion expected. Both metrics showed significant year-over-year declines.
The significant miss on both earnings and sales, combined with substantial year-over-year declines, is likely to negatively impact ArcelorMittal's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100