ArcelorMittal Posts Quarterly Loss
August 01, 2013 at 04:26 AM EDT
ArcelorMittal (NYSE: MT ) reported a loss in the three months ending June 30 and lowered its full-year earnings forecast. ArcelorMittal posted a quarterly net loss of $780 million, versus a year-ago net profit of $1.02 billion. However, analysts were expecting a net profit of $117 million. Its sales fell 10%