UPDATE: ArcelorMittal Posts Wider Q4 Loss

ArcelorMittal

posted a wider net loss in the fourth quarter. ArcelorMittal posted a quarterly net loss of $3.99 billion, versus a year-ago loss of $1 billion. Its revenue declined around 14% to $19.31 billion from $22.45 billion, while earnings before interest, taxes, depreciation and amortization dropped 22.8% to $1.32 billion from $1.71 billion. ArcelorMittal shares closed at $16.89 yesterday.