ArcelorMittal Q1 Adj. EPS $1.05 Beats $0.69 Estimate, Sales $14.80B Miss $15.23B Estimate

ArcelorMittal (NYSE:MT) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.69 by 52.17 percent. This is a 9.48 percent decrease over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $14.80 billion which missed the analyst consensus estimate of $15.23 billion by 2.86 percent. This is a 9.11 percent decrease over sales of $16.28 billion the same period last year.