Cleveland-Cliffs Inc. Q4 Loss Decreases, beats estimates
From Nasdaq:
Cleveland-Cliffs Inc. (CLF) reported a decrease in loss for the fourth quarter, beating Street estimates. The company’s bottom line was -$155 million, or -$0.31 per share, compared to -$214 million, or -$0.41 per share, in the same quarter last year. Excluding items, Cleveland-Cliffs Inc. reported adjusted earnings of -$25 million or -$0.05 per share for the period. Revenue for the quarter rose 1.4% to $5.11 billion from $5.04 billion last year. Analysts had expected the company to earn -$0.40 per share. Earnings data at a glance: Quarterly earnings: -$155 million vs. -$214 million last year; Quarterly EPS: -$0.31 vs. -$0.41 last year; Revenue: $5.11 billion vs. $5.04 billion last year.
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