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ArcelorMittal posts 3Q profit

LUXEMBOURG (AP) _ ArcelorMittal SA (MT) on Friday reported third-quarter earnings of $1.21 billion.

On a per-share basis, the Luxembourg-based company said it had profit of $1.18.

The steel producer posted revenue of $17.64 billion in the period.

ArcelorMittal shares have increased 29 percent since the beginning of the year. The stock has climbed 35 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MT at https://www.zacks.com/ap/MT