Investing.com - ArcelorMittal (NYSE:MT) ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ArcelorMittal ADR announced earnings per share of $1.11 on revenue of $18.98B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $17.44B.
ArcelorMittal ADR shares are down 24.44% from the beginning of the year, still down 36.49% from its 52 week high of $37.87 set on January 13.
ArcelorMittal ADR follows other major Materials sector earnings this month
ArcelorMittal ADR's report follows an earnings beat by Vale ADR on October 27, who reported EPS of $0.98 on revenue of $9.93B, compared to forecasts EPS of $0.6671 on revenue of $10.74B.
Air Products had beat expectations on November 3 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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