ArcelorMittal's (MT) Q4 Earnings Beat Estimates, Sales Miss

ArcelorMittal (MT) recorded an adjusted net income of $982 million or$1.18 per share in fourth-quarter 2023 compared with $1.19 billion or$1.37 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of a loss of $2.08 per share.Total sales fell around 14$14,552 million in the quarter. The figure missed the consensus estimate of $14,950.5 million. The downside was primarily due to a decline in average steel selling prices.Total steel shipments rose 5.5 ...