Cleveland-Cliffs Q2 Adj. EPS $0.69 Misses $0.70 Estimate, Sales $5.98B Beat $5.80B Estimate
Portfolio Pulse from Bill Haddad
Cleveland-Cliffs (NYSE:CLF) reported Q2 earnings of $0.69 per share, missing the analyst consensus estimate of $0.70 by 1.43%. This is a 47.33% decrease from the same period last year. The company's quarterly sales of $5.98 billion beat the analyst consensus estimate of $5.80 billion by 3.17%, but this is a 5.57% decrease from the same period last year.
July 24, 2023 | 8:12 pm
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Cleveland-Cliffs' Q2 earnings missed estimates and decreased from last year, while sales beat estimates but also decreased from last year.
Cleveland-Cliffs' Q2 earnings missed the analyst consensus estimate and decreased from the same period last year, which could negatively impact investor sentiment and the stock price. Although the company's sales beat estimates, they also decreased from the same period last year, which could further negatively impact the stock price.
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