Recap: Cleveland-Cliffs Q2 Earnings

Recap: Cleveland-Cliffs Q2 Earnings

 

Cleveland-Cliffs CLF reported its Q2 earnings results on Friday, July 22, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Cleveland-Cliffs missed estimated earnings by 0.76%, reporting an EPS of $1.31 versus an estimate of $1.32.

Revenue was up $1.29 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.31 which was followed by a 2.13% drop in the share price the next day.

Here's a look at Cleveland-Cliffs's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 1.40 2.12 2.26 1.55
EPS Actual 1.71 1.78 2.33 1.46
Revenue Estimate 5.46B 5.73B 5.64B 5.09B
Revenue Actual 5.96B 5.35B 6.00B 5.04B

To track all earnings releases for Cleveland-Cliffs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews