From Financial Modeling Prep: 2025-02-25 12:16:00

Cleveland-Cliffs (NYSE:CLF) disappointed with fourth-quarter results, reporting an adjusted loss per share of $0.68, missing expectations of $0.46. Revenue of $4.3 billion fell short of the $4.54 billion estimate, leading to a more than 7% drop in stock price intra-day.

The company’s adjusted EBITDA loss of $81 million was wider than the $61 million projected, but slightly better than the initial guidance of an $85 million loss, offering a small positive note. However, Cleveland-Cliffs burned through $677 million in cash during the quarter, highlighting ongoing financial challenges.



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