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Friday, May 10
More on ArcelorMittal's (MT) earnings: A net loss of $345M or -$0.21 per share for Q1 on revenue...
More on ArcelorMittal's (MT) earnings: A net loss of $345M or -$0.21 per share for Q1 on revenue of $19.752B is worse than Q1 2012, but the results are an improvement over the previous quarter. CEO Lakshmi Mittal says the economic environment "remains challenging," but sounds upbeat about the company's performance in the face of a soft market. MT says EBITDA (which, like the profit and revenue picture, improved slightly from Q4), should continue to improve sequentially and should come in above $7.1B for the full year.