Arcelor Mittal (MT) Posts Q4 Loss of 65c/Share; Issues H112 Outlook
Arcelor Mittal (NYSE: MT) reported Q4 EPS of ($0.65), $0.75 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $22.45 billion versus the consensus estimate of $22.32 billion.
The Company’s EBITDA in 1H 2012 is expected to be lower than 1H 2011 but above 2H 2011, supported by continued progress on management gains and asset optimisation plans.
The Company expects steel shipments in the first half of 2012 to be at a similar level to first half of 2011. Mining production is expected to be higher than in the first half of 2011 in line with plans to increase full year 2012 own iron ore and coal production by approximately 10%.
For earnings history and earnings-related data on Arcelor Mittal (MT) click here.
The Company’s EBITDA in 1H 2012 is expected to be lower than 1H 2011 but above 2H 2011, supported by continued progress on management gains and asset optimisation plans.
The Company expects steel shipments in the first half of 2012 to be at a similar level to first half of 2011. Mining production is expected to be higher than in the first half of 2011 in line with plans to increase full year 2012 own iron ore and coal production by approximately 10%.
For earnings history and earnings-related data on Arcelor Mittal (MT) click here.