Cleveland-Cliffs CEO says ‘our shares are undervalued' after Q4 earnings

Cleveland-Cliffs Inc (NYSE: CLF) is trading down in extended hours on Monday after reporting weaker-than-expected revenue for its fourth financial quarter.Cleveland-Cliffs guidance for fiscal 2024Copy link to sectionThe iron-ore and steel making company now forecasts $675 million to $725 million in capital expenditures for fiscal 2024. Despite coming in shy of revenue expectations in the recently concluded quarter, Cleveland-Cliffs is confident that its adjusted EBITDA will improve sequentially in Q1. Loure ...