Cleveland-Cliffs (CLF) Tops Q2 EPS by 27c
Cleveland-Cliffs (NYSE: CLF) reported Q2 EPS of $0.76, $0.27 better than the analyst estimate of $0.49. Revenue for the quarter came in at $714 million versus the consensus estimate of $641.77 million.
Outlook
| 2018 Outlook Summary | |||
| Per Long Ton Information | U.S. Iron Ore | ||
| Revenues from product sales and services (A) | $105 - $110 | ||
| Cost of goods sold and operating expense rate | $68 - $73 | ||
| Less: | |||
| Freight expense rate (B) | $7 | ||
| Depreciation, depletion & amortization rate | $3 | ||
| Cash cost of goods sold and operating expense rate2 | $58 - $63 | ||
| Sales volume (million long tons) | 21.0 | ||
| Production volume (million long tons) | 20.0 | ||
For earnings history and earnings-related data on Cleveland-Cliffs (CLF) click here.