Arcelor Mittal (MT) Reports In-Line Q2 EPS, Offers Full Year Outlook
Arcelor Mittal (NYSE: MT) reported Q2 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $25.13 billion versus the consensus estimate of $24.64 billion.
Guidance:
Full year 2011 capex target is increased by 10% from $5.0 billion to $5.5 billion due to recently announced investments. For 3Q 2011, EBITDA is expected to be approximately $2.4 - $2.8 billion.
Results of our mining business expected to further improve due to increased production and shipments
Guidance:
Full year 2011 capex target is increased by 10% from $5.0 billion to $5.5 billion due to recently announced investments. For 3Q 2011, EBITDA is expected to be approximately $2.4 - $2.8 billion.
Results of our mining business expected to further improve due to increased production and shipments