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Stock impact report

What To Expect From Cleveland-Cliffs' Second-Quarter Results? [Forbes]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Forbes
Jul 18, 2018, 02:12pm #MarketMoves Steamship William G. Mather, once the flagship of the Cleveland-Cliffs fleet, at Dock 32 in Cleveland, Ohio. (Photo By Raymond Boyd/Getty Images) Cleveland-Cliffs Inc . (NYSE: CLF) will release its second quarter results and conduct a conference call with analysts on July 20, 2018. Consensus market estimates expect the company to report an EPS(Non-GAAP) of $0.53 in comparison to an EPS(Non-GAAP) of $0.11 reported a year ago. Revenue is also expected to display substantial growth with a consensus mean estimate of $651.8 million, almost 15% higher year-on-year (y-o-y). The company’s upcoming results are expected to benefit from a favorable impact of the tariff imposition on the steel imports into the U.S and also through the discontinuation of its less profitable Asia Pacific operations. Although international iron ore prices have come under continuous pressure due to the unfavor Show less Read more
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