Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
quarterly earnings, in part due to a buyers strike from service centres, and a loss related to an indefinite idle of the Weirton tinplate facility. Cleveland-Cliffs' ( CLF ) shares were trading -2.54% lower at $20.32 premarket, following first quarter results. For the three months ended Mar. 31, the miner reported adjusted earnings of $0.18 per share, missing estimates by $0.04, and revenue of $5.2B fell short by $130M. "Our first quarter results were highlighted by the resiliency of automotive production in the United States, which helped to offset a temporary buyers strike from service centers in January and February," CEO Lourenco Goncalves said in a statement. First-quarter steel product sales volumes of 3.9 million net tons were lower than 4.01 million net tons in the year ago period. The company maintained all of its previously guided expectations for the full-year 2024, including steel shipment volumes of 16.5 million net tons. Cleveland-Cliffs had announced its plans
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CLF
News
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Norfolk Activist Wins Support From Glass Lewis for CEO Ouster [BNN Bloomberg (Canada)]BNN Bloomberg
- UPDATE 1-Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- CLF's page on the SEC website