Benzinga | Jul 22, 2021 07:13AM EDT

Cleveland-Cliffs Q2 EPS $1.33 Misses $1.55 Estimate, Sales $5.00B Miss $5.09B Estimate

Cleveland-Cliffs (NYSE:CLF) reported quarterly earnings of $1.33 per share which missed the analyst consensus estimate of $1.55 by 14.19 percent. This is a 529.03 percent increase over losses of $(0.31) per share from the same period last year. The company reported quarterly sales of $5.00 billion which missed the analyst consensus estimate of $5.09 billion by 1.77 percent. This is a 357.46 percent increase over sales of $1.09 billion the same period last year.