Previous close | 26.89 |
Open | 27.13 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 26.89 - 26.89 |
52-week range | 21.92 - 28.73 |
Volume | |
Avg. volume | 8,632 |
Market cap | 21.862B |
Beta (5Y monthly) | 1.88 |
PE ratio (TTM) | 24.67 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.50 (1.86%) |
Ex-dividend date | 16 May 2024 |
1y target est | N/A |
(Bloomberg) -- ArcelorMittal SA, the world’s biggest steelmaker outside of China, remains positive on the medium to long-term outlook for demand after first-quarter earnings beat estimates.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTesla Axes Supercharger Team in Blow to Broader EV MarketSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineNYPD Arrests Over 300 Protesters in Crackdown on
(Reuters) -ArcelorMittal, the world's second-largest steelmaker, on Thursday reported first-quarter earnings ahead of analyst expectations and reiterated it expects global steel demand outside China to increase 3-4% this year. Profit was primarily driven by improved results in North America, Brazil, Europe, India and from its joint ventures, offset by lower mining segment results, it said. Despite customers taking a "wait and see" approach in an uncertain economic outlook, the company said low inventories, particularly in Europe, set the foundation for a rebound in demand.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ArcelorMittal (MT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.