Cleveland-Cliffs Reports Record Second-Quarter 2021 Results

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Go back to Cleveland-Cliffs Reports Record Second-Quarter 2021 Results

Cleveland-Cliffs (CLF) Tops Q2 EPS by 3c

July 22, 2021 7:03 AM EDT

Cleveland-Cliffs (NYSE: CLF) reported Q2 EPS of $1.46, ex-items, $0.03 better than the analyst estimate of $1.43. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.99 billion.

Cliffs' Chairman, President, and CEO Lourenco Goncalves said: In the second quarter of 2021 we achieved all-time quarterly records in revenue, net income, and adjusted EBITDA. The numbers unequivocally confirm our efficiency in operating the new footprint, resulting from the integration of the two major steel companies... More