Cleveland-Cliffs (NYSE:CLF) reported its Q3 earnings results on Friday, October 22, 2021 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Cleveland-Cliffs beat their estimated earnings by 3.1%, which did not surprise analysts.
Revenue was up $4,358,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.09, which was followed by a 2.42% increase in the share price the next day.
Here’s a look at Cleveland-Cliffs’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.55 | 0.34 | 0.22 | -0.10 |
| EPS Actual | 1.46 | 0.35 | 0.24 | 0.04 |
| Revenue Estimate | 5.09B | 4.22B | 2.34B | 1.60B |
| Revenue Actual | 5.04B | 4.05B | 2.26B | 1.65B |
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