Don't Fret About Cleveland-Cliffs' Ugly First Quarter Results [The Motley Fool]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: The Motley Fool
Don't Fret About Cleveland-Cliffs' Ugly First Quarter Results The iron ore miner's revenues fell 50% and it posted a bottom-line loss, but the situation is nowhere near as dire as those numbers might make it appear. At first glance, Cleveland-Cliffs' ( NYSE:CLF ) most recent earnings report might make shareholders want to push the sell button as fast as they can open their brokerage accounts. But before you precipitously sour on this iron miner, take a deeper look at its results. Even though its revenue and earnings were down drastically, those declines were largely a product of its moves to shut down unprofitable assets. If you are a Cleveland-Cliffs' investor, there are a few numbers in this earnings release that should give you a lot of hope for the upcoming year and beyond. Here's a brief rundown of its most recent earnings report. DATA SOURCE: CLEVELAND-CLIFFS EARNINGS RELEASE. EPS= Earnings per share. Under most circumstances, such a drastic reduction in revenue and widening lo
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News
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website