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Add as a preferred source on GoogleArcelorMittal Posts $0.52 Reported Basic Loss in Third Quarter
Third-quarter sales totaled $16.466 billion, while adjusted basic earnings were $1.15 per share.
ArcelorMittal’s third-quarter results combined $16.466 billion in sales with adjusted basic earnings of $1.15 per share, even as the steel producer recorded a reported basic loss of $0.52 per share.
The company released the results Nov. 5 for the quarter ended Sept. 30. Sales rounded to $16.47 billion.
The $1.15 figure is adjusted basic earnings per share, a non-GAAP measure calculated using the company’s methodology. It is distinct from the reported basic loss of $0.52 per share.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.