Investing.com - ArcelorMittal ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ArcelorMittal ADR announced earnings per share of $4.16 on revenue of $20.23B. Analysts polled by Investing.com anticipated EPS of $4.01 on revenue of $21.8B.
ArcelorMittal ADR shares are up 35.24% from the beginning of the year and are trading at $30.97 , down-from-52-week-high.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 missed by Vale ADR on Friday, October 29, 2021, who reported EPS of $0.76 on revenue of $12.68B, compared to forecasts EPS of $1.09 on revenue of $13.89B.
Freeport-McMoran had beat expectations on Thursday, October 21, 2021 with third quarter EPS of $0.89 on revenue of $6.08B, compared to forecast for EPS of $0.8088 on revenue of $6.18B.
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