04:11 AM EDT, 05/02/2024 (MT Newswires) -- ArcelorMittal ( MT ) reported Q1 adjusted earnings Thursday of $1.16 per basic share, down from $1.28 a year earlier.

Three analysts polled by Capital IQ expected $0.88.

Revenue for the quarter ended March 31 was $16.28 billion, compared with $18.5 billion a year ago.

Analysts surveyed by Capital IQ expected $16.26 billion.

The company said it expects full-year 2024 capital expenditures of $4.5 billion to $5 billion.