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- ENXTAM:MT
ArcelorMittal First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
ArcelorMittal (AMS:MT) First Quarter 2024 Results
Key Financial Results
- Revenue: US$16.3b (down 12% from 1Q 2023).
- Net income: US$938.0m (down 14% from 1Q 2023).
- Profit margin: 5.8% (in line with 1Q 2023).
- EPS: US$1.16 (down from US$1.28 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ArcelorMittal EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 31%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Metals and Mining industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 3.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for ArcelorMittal that we have uncovered.
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About ENXTAM:MT
ArcelorMittal
Operates as integrated steel and mining companies in the United States, Europe, and internationally.
Flawless balance sheet and fair value.