Natixis Downgrades Arcelor Mittal (MT) to Neutral

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Arcelor Mittal (MT) Posts Surprise Q3 Loss of 46c/Share; to Cut Dividend

October 31, 2012 6:27 AM EDT

Arcelor Mittal (NYSE: MT) reported Q3 loss of ($0.46), $0.61 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $19.72 billion versus the consensus estimate of $21.19 billion.

Considering the challenging global economic conditions, and the Companys priority to deleverage, ArcelorMittals Board... More