Yahoo Finance ArcelorMittal Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
ArcelorMittal (AMS:MT) Third Quarter 2022 Results
Key Financial Results
Revenue: US$19.0b (down 6.2% from 3Q 2021).
Net income: US$993.0m (down 79% from 3Q 2021).
Profit margin: 5.2% (down from 23% in 3Q 2021). The decrease in margin was primarily driven by higher expenses.
EPS: US$1.11 (down from US$4.17 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ArcelorMittal Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for ArcelorMittal you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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