ArcelorMittal (NYSE:MT) reported its Q1 earnings results on Thursday, May 5, 2022 at 01:00 AM.
Here's what investors need to know about the announcement.
Earnings
ArcelorMittal beat estimated earnings by 31.38%, reporting an EPS of $4.27 versus an estimate of $3.25.
Revenue was up $5.64 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.37 which was followed by a 7.56% drop in the share price the next day.
Here's a look at ArcelorMittal's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 3.33 | 4.07 | 2.62 | 1.57 |
| EPS Actual | 3.70 | 4.27 | 3.46 | 1.93 |
| Revenue Estimate | 20.36B | 22.09B | 18.13B | 15.96B |
| Revenue Actual | 20.81B | 20.23B | 19.34B | 16.19B |
To track all earnings releases for ArcelorMittal visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
