What's Going On With Cleveland-Cliffs Shares Today?
What's Going On With Cleveland-Cliffs Shares Today?
Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading higher today after the company reported financial results for the second quarter yesterday.
克利夫兰克里夫公司(纽交所:CLF)的股票今天交易较高,因公司昨天公布了第二季度的财务业绩。
The company reported revenue of $5.09 billion, missing the consensus estimate of $5.20 billion, according to Benzinga Pro. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share.
据Benzinga Pro报道,该公司营业收入为50.9亿美元,未达到52亿美元的共识估计。该公司报告调整后每股收益为盈亏平衡,超过了分析师对每股亏损2美分的估计。
Cleveland-Cliffs lowered its full-year 2024 expected capital expenditures range from a range of $675 million to $725 million to a new range of $650 million to $700 million.
克利夫兰克里夫将其2024年度预期资本支出从67500万至72500万美元的区间下调至65000万至70000万美元的新区间。
The company also noted that its year-over-year steel unit cost reduction objective of approximately $30 per net ton remains on track.
该公司还指出,其年度钢铁单位成本降低目标约为每净吨30美元,仍按计划推进。
KeyBanc Capital Markets analyst Philip Gibbs writes that Steel volumes of ~4.0Mt matched their model, but pricing/mix exceeded expectations by $9/ton or $35 million (down ~$50/t q/q).
KeyBanc资本市场分析师Philip Gibbs表示,钢铁销量约为4.0Mt,与他们的模型相符,但定价/混合超出了预期9美元/吨或3500万美元(环比下降约50美元/吨),他表示。
He further adds that core SG&A/opex was notably low at ~$103 million (+$47 million vs. their model), decreasing $29 million q/q and $46 million y/y.
他进一步补充说,核心销售和行政支出/运营成本非常低,约为10300万美元(与他们的模型相比增加了4700万美元),环比下降了2900万美元,同比下降了4600万美元。
Last week, Cleveland-Cliffs entered into a definitive agreement to acquire Stelco Holdings Inc. (OTC:STZHF) for a total enterprise value of around $2.5 billion (CAD3.4 billion).
上周,克利夫兰克里夫公司(OTC:STZHF)与Stelco Holdings Inc.签订了明确的协议,以总企业价值约25亿美元(加元34亿)的价格收购该公司。
The deal is expected to boost CLF's EPS for 2024 and 2025, with $120 million in annual cost savings anticipated.
预计这笔交易将促进CLF在2024年和2025年的每股收益,预计每年可实现12000万美元的成本节约。
Investors can gain exposure to the stock via SPDR S&P Metals & Mining ETF (NYSE:XME) and VanEck Steel ETF (NYSE:SLX).
投资者可以通过SPDR S&P金属和矿业ETF(纽交所:XME)和钢铁指数etf-vaneck(纽交所:SLX)获得该股票的曝光度。
Price Action: CLF shares are up 4% at $15.82 at the last check Tuesday.
据最后一次检查,周二CLF股价上涨4%,报15.82美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明:本内容部分使用人工智能工具生成,并经Benzinga编辑审核发布。
Photo by christopher-burns- for Unsplash
图片由christopher-burns-发布,来源于Unsplash