ArcelorMittal (MT) reported a plunge in third-quarter net income to US$903 million or US$0.60 per common share from US$3.82 billion or US$2.78 per common share last year. On average, 6 analysts polled by Thomson Reuters expected loss per share of US$0.06 for the quarter. Analysts' estimate typically excludes one-time items.
Sales for the third quarter of 2009 fell significantly to US$16.17 billion from US$35.20 billion in the comparable period. Four analysts estimated revenues of $16.30 billion for the quarter. Fourth-quarter 2009 EBITDA is expected to be about US$2.0 billion - US$2.4 billion. In addition, shipments and average steel selling prices are expected to be higher in the fourth quarter of 2009 than in the third quarter of 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.