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Cleveland-Cliffs Beats Estimates; Helix Energy Posts Mixed Results

  • October 23rd, 2023
  • 754 views

Cleveland-Cliffs Inc. (NYSE: CLF), a mining and steel manufacturing company, posted third-quarter 2023 earnings of $0.52 per share, surpassing the consensus EPS estimate of $0.43. The company's quarterly sales amounted to $5.61 billion, exceeding analysts' revenue expectations of $5.58 billion.

$CLF was trading at $14.63 in after-hours, up $0.26 (+1.81%).

In contrast, Helix Energy Solutions Group, Inc. (NYSE: HLX), an energy services company, reported quarterly earnings of $0.10 per share, falling short of the consensus EPS estimate of $0.21. The company's quarterly revenues totaled $395.67 million, above analysts' revenue projections of $346.10 million for the period.

In after-hours, $HLX was trading at $10.00, down $0.13 (-1.28%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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