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UPDATE: ArcelorMittal Posts Wider Q4 Loss

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ArcelorMittal (NYSE: MT) 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.

Posted-In: lossEarnings News

 

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