Cleveland-Cliffs' (CLF) Q4 Earnings Beat, Revenues Miss
CLFCliffs(CLF) Zacks Investment Research·2024-01-30 20:51

Cleveland-Cliffs Inc.’s (CLF) fourth-quarter 2023 adjusted loss was 5 cents per share compared with a loss of 40 cents in the prior-year quarter. It was narrower than the Zacks Consensus Estimate of loss of 7 cents. Revenues increased around 1.3% to 5,112millionfromtheyearagoquarter.Thetopline,however,missedtheZacksConsensusEstimateof5,112 million from the year-ago quarter. The top line, however, missed the Zacks Consensus Estimate of 5,161.9 million. Operational Highlights The company reported Steelmaking revenues of $4,954 million in the fourth quarter, up around 1.1% year over year. The ...