Investing.com - Cleveland-Cliffs (NYSE:CLF) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cleveland-Cliffs announced earnings per share of $0.29 on revenue of $5.70. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $5.83B.
Cleveland-Cliffs shares are down 13.16% from the beginning of the year, still down 54.38% from its 52 week high of $34.04 set on April 5.
Cleveland-Cliffs follows other major Materials sector earnings this month
Cleveland-Cliffs's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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