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Cleveland-Cliffs Stock Rises on Strong Earnings, Upbeat Guidance

Annie Gilroy
Cleveland-Cliffs Stock Rises on Strong Earnings, Upbeat Guidance

Cleveland-Cliffs (CLF) released its second-quarter earnings on July 20 before the markets opened. It held a conference call with analysts the same day. CLF reported EPS of $0.76, beating the consensus estimate of $0.53 by 43.4%. Its revenue came in at $714.3 million, which was higher than the consensus analyst estimate of $642 million.