ArcelorMittal reports higher than expected quarterly earnings

ArcelorMittal's core profit earning in first-quarter of the year is higher than the average forecast in a company poll of $2.97 billion. (REUTERS) — ArcelorMittal's core profit earning in first-quarter of the year is higher than the average forecast in a company poll of $2.97 billion. **(REUTERS)**

1 min read . Updated: 06 May 2021, 11:12 AM IST Reuters

ArcelorMittal said on Thursday first-quarter core profit (EBITDA) was $3.24 billion, more than triple the year-ago figure of $967 million

ArcelorMittal, the world's largest steelmaker, reported higher than expected first quarter earnings after what its chief executive said was a "very positive" start to the year.

The Luxembourg-based company said on Thursday first-quarter core profit (EBITDA), the figure most watched by the market, was $3.24 billion, more than triple the year-ago figure of $967 million and higher than the average forecast in a company poll of $2.97 billion.