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Stock impact report

Shares of Cleveland-Cliffs Inc. Pop 10% as Second-Quarter Earnings Surge [The Motley Fool]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
Shares of the iron-ore miner trade higher Friday on a strong second quarter and management's belief the momentum is set to continue in 2019. Daniel Miller ( TMFTwoCoins ) Jul 20, 2018 at 4:12PM What happened? Shares of Cleveland-Cliffs Inc . ( NYSE:CLF ) , the largest and oldest iron-ore mining company in the U.S., were up 10% as of 3:14 p.m. EDT Friday after the company announced better than expected second-quarter results. So what The company reported consolidated revenues of $714 million, significantly better than the prior year's $471 million, and higher than analysts' estimates of $692.2 million, per analysts surveyed by investment research firm Zacks. Income from continuing operations jumped to $229 million, or $0.76 per diluted share, which was again a large improvement from the prior year's $84 million, or $0.28 per share, and well ahead Show less Read more
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