ArcelorMittal Posts Narrower Q3 Loss

ArcelorMittal

posted a narrower loss in the third quarter. ArcelorMittal posted a quarterly loss of $193 million, or $0.12 per share, versus a year-ago net loss of $652 million, or $0.42 per share. Its earnings before interest, taxes, depreciation and amortization climbed 24% to $1.71 billion, versus analysts' estimates of $1.55 billion. ArcelorMittal shares gained 0.37% to $16.24 in pre-market trading.