The 2 Luxembourg Companies Filing With US SEC in US$s and With Market Caps Above US$10 Bil 2014 Total Audited Earnings 98% Below Both 2008 and 2007 Earnings

From a review of SEC Filings and the Google Finance Website, I found 2 Companies headquartered in Luxembourg with Stock Market Capitalizations of more than US$10 bil and which filed their financial statements in US$s.

Below here are the reported Audited Earnings (Losses) for both of  these Luxembourg Companies for all years reported from 2007 through 2014, presented in Market Cap order:

		2014	2013	2012	2011	2010	2009	2008	2007
	Most	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited
	Recent	Net	Net	Net	Net	Net	Net	Net	Net
Luxembourg Companies Filing With SEC	2014	Income	Income	Income	Income	Income	Income	Income	Income
Market Caps Above US$10 Bil	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
		mil US$s	mil US$s	mil US$s	mil US$s	mil US$s	mil US$s	mil US$s	mil US$s
Tenaris SA	Dec14	1,181	1,574	1,702	1,421	1,141	1,236	1,969	2,024
ArcelorMittal SA	Dec14	(974)	(2,575)	(3,469)	1,956	3,440	171	10,251	11,231
Total of both		207	(1,001)	(1,767)	3,377	4,581	1,407	12,220	13,255
Earnings % Decline:
….. 2014 Below 2008		-98%
….. 2014 Below 2007		-98%
Four Years Earnings:
….. 2011-14		816
….. 2007-10		31,463
……….4 Year Earnings Decline
…………… Amount		(30,647)
…………… %		-97%