Benzinga | Jul 30, 2020 07:31AM EDT

Cleveland-Cliffs Q2 EPS $(0.31) Beats $(0.50) Estimate, Sales $1.09B Beat $1.08B Estimate

Cleveland-Cliffs (NYSE:CLF) reported quarterly losses of $(0.31) per share which beat the analyst consensus estimate of $(0.50) by 38 percent. This is a 149.21 percent decrease over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $1.09 billion which beat the analyst consensus estimate of $1.08 billion by 1.20 percent. This is a 47.07 percent increase over sales of $743.20 million the same period last year.