Nikolay Olkhovoy
The earnings per share decreased from $9.52 a year ago to $9.76 now, while revenue rose up 13% to $62.953 billion.
Compared to the same period last year, ArcelorMittal's third-quarter net income was $993 million, a decrease of 4.7 times. After earnings of $4.17, earnings per share were $1.11. The business's quarterly revenue fell by 6% to $18.975 billion.
For the period of January through September of this year, the company's iron ore production fell by 8% to 34.6 million tons. The company produced 10.6 million tons of ore in the third quarter, an 18% decrease from the same period last year.
source: reuters.com
Compared to the same period last year, ArcelorMittal's third-quarter net income was $993 million, a decrease of 4.7 times. After earnings of $4.17, earnings per share were $1.11. The business's quarterly revenue fell by 6% to $18.975 billion.
For the period of January through September of this year, the company's iron ore production fell by 8% to 34.6 million tons. The company produced 10.6 million tons of ore in the third quarter, an 18% decrease from the same period last year.
source: reuters.com
