The company reported net loss of $955 million or 53 cents per share in the fourth quarter, which narrowed from a loss of $1.2 billion or 69 cents per share in the year-ago quarter. The company saw lower impairment and depreciation charges in the reported quarter while the year-ago quarter’s results were also dragged down by restructuring charges of $379 million.

Barring one-time items, loss was 43 cents per share for the quarter, higher than the Zacks Consensus Estimate of a loss of 16 cents.

For 2014, net loss was $1,086 million or 61 cents per share compared with a loss of $2,545 million or $1.46 per share in 2013. Excluding one-time items, loss was 51 cents per share, missing the Zacks Consensus Estimate of earnings of 19 cents  

Revenues went down 5.7% year over year to $18.7 billion in the reported quarter, missing the Zacks Consensus Estimate of $19.5 billion. Sales were lower as a decline in average steel selling prices, drop in marketable iron ore shipments and reduced iron ore reference prices more than offset improved steel shipments. Total steel shipments for the quarter were 21.2 million metric tons compared with 20.5 million metric tons in the year-ago quarter.

For 2014, revenues fell 0.2% year over year to $79.3 billion, falling short of the Zacks Consensus Estimate of $79.5 billion.

EBITDA was $1.8 billion in the fourth quarter, down around 5% year over year.

ArcelorMittal’s shares rose 7% to close at $11.20 last Friday.
For complete details, visit http://corporate.arcelormittal.com/investors/results.