Cleveland-Cliffs CLF reported its Q3 earnings results on Tuesday, October 25, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Cleveland-Cliffs missed estimated earnings by 47.27%, reporting an EPS of $0.29 versus an estimate of $0.55.
Revenue was down $351.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 8.87% drop in the share price the next day.
Here's a look at Cleveland-Cliffs's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 1.32 | 1.40 | 2.12 | 2.26 |
EPS Actual | 1.31 | 1.71 | 1.78 | 2.33 |
Revenue Estimate | 6.15B | 5.46B | 5.73B | 5.64B |
Revenue Actual | 6.34B | 5.96B | 5.35B | 6.00B |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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