Market Overview

UPDATE: ArcelorMittal Q1 Net Income Declines 99%

Share:
Related MT
ArcelorMittal Projects Lower 2015 Core Profit
Earnings Scheduled For February 13, 2015
Iron Ore Prices Continue To Weigh In On ArcelorMittal With No Relief In Sight (Seeking Alpha)

ArcelorMittal (NYSE: MT) reported a 99% drop in its first-quarter net income.

ArcelorMittal's quarterly earnings fell to $11 million, or $0.01 per share, from $1.07 billion, or $0.69 per share, in the year-ago quarter.

Its sales rose to $22.7 billion from $22.18 billion. However, steel shipments gained 1.2% to 22.2 million metric tons.

ArcelorMittal shares closed at $16.11 yesterday.

Posted-In: profitEarnings News

 

Related Articles (MT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content