NEW YORK (TheStreet) -- Shares of ArcelorMittal (MT) - Get Report are up 0.42% to $6.05 in mid-afternoon trading on Thursday, ahead of the company's fiscal 2016 second quarter results, due out before the market open on Friday.
Wall Street is expecting earnings of 7 cents per share on revenues of 15.2 billion. Last year, the company reported earnings of 10 cents per share on revenues of $16.89 billion for the same quarter.
Earlier this month the company appointed Robrecht Himpe as the new CEO of its North American operations.
"ArcelorMittal North American organization will continue to focus on developing synergies between our assets in Canada, the United States and Mexico to best meet customer demand and maximize value for ArcelorMittal," the company said in a statement.
ArcelorMittal is a Luxembourg-based steel company. The company employs more than 9,500 workers locally at mills in East Chicago, Burns Harbor, Gary, Riverdale and New Carlisle.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate ARCELORMITTAL SA as a Sell with a ratings score of D. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk.
You can view the full analysis from the report here: MT