Cleveland-Cliffs Q3 Adj. EPS $0.54 Beats $0.43 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs (NYSE:CLF) reported Q3 earnings of $0.54 per share, beating the analyst consensus estimate of $0.43 by 25.58%. This is an 86.21% increase from the same period last year. The company also reported quarterly sales of $5.61 billion, beating the analyst consensus estimate of $5.58 billion by 0.45%, but a 0.85% decrease from the same period last year.
October 23, 2023 | 8:11 pm
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POSITIVE IMPACT
Cleveland-Cliffs' Q3 earnings and sales beat analyst estimates, which could positively impact the stock in the short term.
Cleveland-Cliffs reported better than expected Q3 earnings and sales, which is typically a positive signal for the stock. However, the slight decrease in sales YoY might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100