Investing.com - Cleveland-Cliffs reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cleveland-Cliffs announced earnings per share of $-0.31 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $-0.49 on revenue of $1.08B.
Cleveland-Cliffs shares are down 30.83% from the beginning of the year and are trading at $5.81 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Cleveland-Cliffs follows other major Basic Materials sector earnings this month
Cleveland-Cliffs's report follows an earnings beat by Air Products on July 23, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Sherwin-Williams had beat expectations on Tuesday with second quarter EPS of $7.1 on revenue of $4.6B, compared to forecast for EPS of $5.67 on revenue of $4.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar