ArcelorMittal MT expects an improvement in the first half of 2012.
ArcelorMittal projects first-half adjusted earnings lower than a year earlier, but above the second-half level.
ArcelorMittal posted a quarterly net loss of $1 billion, versus a year-ago loss of $780 million. Its sales rose to $22.45 billion, from $20.70 billion. Its core profit dropped 29% to $1.71 billion.
ArcelorMittal's quarterly steel shipments dropped 2.5%.
MT shares gained 0.79% to $21.61 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in