Cleveland-Cliffs' Q3 Earnings and Revenues Miss Estimates

Cleveland-Cliffs Inc.’s (CLF) third-quarter 2024 adjusted loss was 33 cents per share. This compares unfavorably with adjusted earnings of 54 cents in the prior-year quarter. Loss per share was wider than the Zacks Consensus Estimate of a loss of 31 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues fell 18.5% to $4,569 million in the quarter from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $4,754.4 million.CLF’s Operational HighlightsThe comp ...