Market Overview

ArcelorMittal Reports Q4 Results

ArcelorMittal (NYSE: 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.

Posted-In: EarningsEarnings News Guidance

 

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