Cleveland-Cliffs Q1 Adjusted Loss Narrows, Revenue Increases

MT Newswires Live

04/20

Cleveland-Cliffs (CLF) reported a Q1 adjusted net loss Monday of $0.40 per diluted share, narrowing from a loss of $0.93 a year earlier.

Analysts polled by FactSet expected a loss of $0.43.

Revenue for the quarter ended March 31 was $4.92 billion, up from $4.63 billion a year earlier.

Analysts surveyed by FactSet expected $4.81 billion.

The company's shares were up over 3% in Monday premarket activity.

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