Cleveland-Cliffs Q2 EPS $0.00 Beats $(0.02) Estimate; Sales $5.10B Miss $5.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs reported Q2 EPS of $0.00, beating the estimate of $(0.02). However, sales were $5.10 billion, missing the $5.20 billion estimate.
July 22, 2024 | 8:07 pm
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NEUTRAL IMPACT
Cleveland-Cliffs reported mixed Q2 results with EPS of $0.00 beating estimates but sales of $5.10 billion missing expectations.
The mixed results, with EPS beating but sales missing estimates, are likely to result in a neutral short-term impact on the stock price. Investors may weigh the positive EPS against the negative sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100