ArcelorMittal: Q1 Earnings Insights - ArcelorMittal (NYSE:MT)

ArcelorMittal MT reported its Q1 earnings results on Thursday, May 5, 2022 at 01:00 AM.

Here's what investors need to know about the announcement.

ArcelorMittal beat estimated earnings by 31.38%, reporting an EPS of $4.27 versus an estimate of $3.25.

Revenue was up $5.64 billion from the same period last year.

Last quarter the company beat on EPS by $0.37 which was followed by a 7.56% drop in the share price the next day.

Here's a look at ArcelorMittal's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	3.33	4.07	2.62	1.57
EPS Actual	3.70	4.27	3.46	1.93
Revenue Estimate	20.36B	22.09B	18.13B	15.96B
Revenue Actual	20.81B	20.23B	19.34B	16.19B

To track all earnings releases for ArcelorMittal visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.