Cleveland-Cliffs Q1 Swings to Adjusted Loss, Revenue Falls -- Shares Down Late Hours Wednesday

MT Newswires Live

05-08

Cleveland-Cliffs (CLF) reported a Q1 adjusted loss Wednesday of $0.92 per diluted share, swinging from profit of $0.18 a year earlier.

Analysts polled by FactSet expected a loss of $0.82.

Revenue for the quarter ended March 31 was $4.63 billion compared with $5.20 billion a year earlier.

Analysts surveyed by FactSet expected $4.63 billion.

Shares were down more than 9% in after-market activity Wednesday.

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