Yahoo Finance ArcelorMittal First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
ArcelorMittal (AMS:MT) First Quarter 2024 Results
Key Financial Results
Revenue: US$16.3b (down 12% from 1Q 2023).
Net income: US$938.0m (down 14% from 1Q 2023).
Profit margin: 5.8% (in line with 1Q 2023).
EPS: US$1.16 (down from US$1.28 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ArcelorMittal EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 31%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Metals and Mining industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 3.4% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for ArcelorMittal that you should be aware of.
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