Tiger Brokers

Cleveland-Cliffs Reports Narrower-Than-Expected Q2 Loss

Reuters
Jul 21, 2025

** U.S. steelmaker Cleveland-Cliffs' shares rise 3% to $9.76 premarket after Q2 results

** CLF reports adj. net loss of $247 million, or $0.50/share vs analysts' estimates of $0.74/share - LSEG

** Q2 revenue fell to $4.93 bln from $5.10 bln last year, but came in-line with analysts' estimates

** "Domestic steel pricing remains strong, we have visibility into our cost reductions, and our order book remains healthy," - CEO Lourenco Goncalves

** "We have started to see the positive impact that tariffs have on domestic manufacturing," he added

** Nine of 14 brokerages rate the stock "hold"; their median PT is $8.75 - LSEG

** YTD, CLF up 0.9% vs 7.1% rise in the benchmark S&P 500 index .SPX

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