Investing.com - ArcelorMittal (NYSE:MT) ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ArcelorMittal ADR announced earnings per share of $1.93 on revenue of $16.19B. Analysts polled by Investing.com anticipated EPS of $1.57 on revenue of $16.53B.
ArcelorMittal ADR shares are up 34.93% from the beginning of the year, still down 1.87% from its 52 week high of $31.49 set on April 26. They are outperforming the EUR/USD which is down 0% from the start of the year.
ArcelorMittal ADR follows other major Basic Materials sector earnings this month
ArcelorMittal ADR's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar