Investing.com - ArcelorMittal reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ArcelorMittal announced earnings per share of $-0.18 on revenue of $11.33B. Analysts polled by Investing.com anticipated EPS of $-0.12 on revenue of $10.67B.
ArcelorMittal shares are down 21% from the beginning of the year and are trading at $12.27 , down-from-52-week-high.They are under-performing the AEX which is down 5.25% from the start of the year.
ArcelorMittal shares lost 2.26% in intra-day trade the report.
ArcelorMittal follows other major Basic Materials sector earnings this month
ArcelorMittal's report follows an earnings missed by Koninklijke DSM on Tuesday, who reported EPS of $1.01 on revenue of $1.96B, compared to forecasts EPS of $1.04 on revenue of $2.21B.
Akzo Nobel had beat expectations on October 19 with third quarter EPS of $1.3 on revenue of $2.28B, compared to forecast for EPS of $1.2 on revenue of $2.28B.
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