Cleveland-Cliffs (CLF) Tops Q2 EPS by 19c
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Cleveland-Cliffs Inc. Reports Second-Quarter 2020 Results
July 30, 2020 7:00 AM EDTCLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2020.
The Company reported total revenues of $1.1 billion, compared to the prior year's second-quarter consolidated revenues of $743 million.
The Company recorded a net loss of $108 million during the second quarter of 2020, and a loss of $0.31 per diluted share attributable to Cliffs' shareholders. This compares to net income of $161 million, or $0.57 per diluted share, recorded in the prior-year second quarter. For the six months ended June 30, 2020, the Company recorded a net loss of $157 million, compared to... More
