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Cleveland-Cliffs Q4 Earnings: Revenue Miss, EPS Miss, $1.5B Buyback And More
Cleveland-Cliffs Inc (NYSE:CLF) reported first-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Cleveland-Cliffs reported first-quarter revenue of $5.2 billion, which missed the consensus estimate of $5.346 billion, according to Benzinga Pro. The company reported adjusted earnings of 18 cents per share, which missed analyst estimates of 22 cents per share.
Steel shipments came in at 3.9 million net tons in the first quarter. The company said it had total liquidity of $4 billion as of March 31.
Cleveland-Cliffs noted it repurchased 30.4 million shares in ...