Recap: Cleveland-Cliffs Q3 Earnings

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.

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.

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.

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