Investing.com - ArcelorMittal reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ArcelorMittal announced earnings per share of $2.93 on revenue of $16.39B. Analysts polled by Investing.com anticipated EPS of $2.04 on revenue of $15.78B.
ArcelorMittal shares are up 19% from the beginning of the year and are trading at $29.45 , down-from-52-week-high.They are under-performing the AEX which is up 21% from the start of the year.
ArcelorMittal shares gained 3.41% in intra-day trade after the report.
ArcelorMittal follows other major Materials sector earnings this month
ArcelorMittal's report follows an earnings missed by Akzo Nobel on Wednesday, July 21, 2021, who reported EPS of $1.2 on revenue of $2.51B, compared to forecasts EPS of $1.38 on revenue of $2.69B.
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