The auto sector is hurting Cleveland-Cliffs right now.Cleveland-Cliffs (CLF -9.23%) stock is getting tossed into the scrap pile today. The steelmaker reported third-quarter earnings last night, and results came up short of expectations. Analysts expected the company to report a loss, but its adjusted loss of $0.33 per share was worse than expected.Revenue also came up short, and investors knocked the stock lower by 9% as of 11:10 a.m. ET. Cliffs also announced that it closed the acquisition of Canadian stee ...

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Cleveland-Cliffs Inc. (NYSE:CLF) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Lourenco Goncalves - Chairman, President & CEO Celso Goncalves - EVP & CFO Conference Call Participants Lucas Pipes - B. Riley Securities Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley William Peterson - JPMorgan Alexander Hacking - Citigroup Chris LaFemina - Jefferies Philip Gibbs - KeyBanc Capital Markets Operator Good morning, ladies and gentlemen. My name is Darryl, and I’m ...

Cleveland-Cliffs Inc (NYSE:CLF) stock is plummeting today, down 11.3% at $11.63 at last glance, after the company's disappointing third-quarter report. The steel giant posted losses of 33 cents per share, larger than analysts' anticipated losses of 31 cents per share, and revenue below expectations. Headed for its largest single-day percentage loss since a 14.7% drop in February of 2021, the stock is on the short sell restricted (SSR) list today amid the volatility. Prior to today's gap lower, the shares we ...

NEWS RELEASE Cleveland-Cliffs Reports Third-Quarter 2024 Results CLEVELAND—November 4, 2024—Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights • Revenues of $4.6 billion • Steel shipments of 3.8 million net tons 1 • GAAP net loss of $230 million and adjusted net loss of $156 million 2 • Adjusted EBITDA of $124 million 3 3 • Does not include Stelco's third-quarter adjusted EBITDA of US$64 million and adjusted EBITDA ma ...

Wall Street analysts expect Cleveland-Cliffs (CLF) to post quarterly loss of $0.30 per share in its upcoming report, which indicates a year-over-year decline of 155.6%. Revenues are expected to be $4.76 billion, down 15% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 13.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's ...

Cleveland-Cliffs Inc. (CLF) is slated to release third-quarter 2024 results after the closing bell on Nov. 4. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. CLF has a trailing four-quarter earnings surprise of roughly 15.4%, on average. While CLF is expected to have benefited from lower steelmaking unit costs and healthy overall volumes, lower steel prices are likely to have weighed on its performance in the third quarter. CLF stock has declined 15.5% in a year's time compared wit ...

KYIV, UKRAINE - 2024/01/24: In this photo illustration, the Cleveland-Cliffs Inc. (CCI) logo is seen ... [+] on a smartphone and a PC screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCleveland-Cliffs, a vertically integrated steel mill operator, has seen its stock decline by more than 30% in the last six months. This fall has been primarily due to the adverse business conditions that the industry is going through. Steel prices in t ...

The latest trading session saw Cleveland-Cliffs (CLF) ending at $12.88, denoting a -1.3% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 1.01%.Coming into today, shares of the mining company had gained 11.06% in the past month. In that same time, the Basic Materials sector gained 2.96%, while the S&P 500 gained 4.31%.Analysts and investors alike will be keeping a cl ...

In the latest trading session, Cleveland-Cliffs (CLF) closed at $12.85, marking a +1.1% move from the previous day. This move outpaced the S&P 500's daily gain of 0.71%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw an increase of 0.6%.The mining company's stock has climbed by 16.5% in the past month, exceeding the Basic Materials sector's gain of 5.75% and the S&P 500's gain of 6.41%.The investment community will be paying close attention to the earnings performanc ...