ArcelorMittal's Earnings Top Estimates, Revenues Lag in Q3
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ArcelorMittal's Q3 earnings exceeded expectations, but revenues fell short due to lower average selling prices across segments.
November 15, 2024 | 12:30 pm
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ArcelorMittal's Q3 earnings surpassed expectations, but the company faced a revenue shortfall due to decreased average selling prices.
While ArcelorMittal's earnings exceeded expectations, the revenue miss due to lower selling prices could neutralize the positive impact on the stock price. Investors may be concerned about the company's ability to maintain profitability if selling prices continue to decline.
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RELEVANCE 100