ArcelorMittal EPS of -$0.23

• ArcelorMittal (NYSE:MT): Q1 EPS of -$0.23 may not be comparable to consensus of -$0.06.
• Revenue of $13.4B (-21.7% Y/Y) misses by $270M.
• Adj. net loss of $176M excl. forex gain, deferred tax expense and others.
• Steel shipments of 21.5MT (+8.8% Q/Q).
• 1Q16 EBITDA $927M. EBITDA to be greater than $4.5B in FY16.
• Press Release