ArcelorMittal's (MT) Q4 Earnings Beat Estimates, Sales Miss
MTArcelorMittal(MT) Zacks Investment Research·2024-02-10 01:51

ArcelorMittal (MT) recorded an adjusted net income of 982millionor982 million or 1.18 per share in fourth-quarter 2023 compared with 1.19billionor1.19 billion or 1.37 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of a loss of 2.08pershare.Totalsalesfellaround142.08 per share. Total sales fell around 14% year over year to 14,552 million in the quarter. The figure missed the consensus estimate of $14,950.5 million. The downside was primarily due to a decline in average steel selling prices. Total steel shipments rose 5 ...