Mechel (MTL) Higher After Robust Earnings/Sales Outlook
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Shares of Mechel (NYSE: MTL) are trading up over 6% this morning after the Russian mining and steel company said it sees Q1 net income of about $500 million, which is up substantially from the $190 million reported in the same period last year. Mechel sees revenues for the quarter exceeding $2.3 billion.
Mechel also said its sees EBITDA exceeding $850 million and EBITDA margins at 36.5%.
Mechel also said its sees EBITDA exceeding $850 million and EBITDA margins at 36.5%.
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