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Cleveland-Cliffs' Q1 Earnings Miss Estimates, Revenues Beat
CLFCliffs(CLF) ZACKS·2025-05-08 12:15

Cleveland-Cliffs Inc. (CLF) logged a loss (as reported) of 495millionor495 million or 1.00 per share in the first quarter of 2025, wider than a loss of 67millionor14centspershareayearago.Barringonetimeitems,thefirstquarteradjustedlosswas92centspershare.Thiscomparestoearningsof18centsintheprioryearquarter.ItwaswiderthantheZacksConsensusEstimateofalossof78cents.Revenuesfellaround1167 million or 14 cents per share a year ago.Barring one-time items, the first-quarter adjusted loss was 92 cents per share. This compares to earnings of 18 cents in the prior-year quarter. It was wider than the Zacks Consensus Estimate of a loss of 78 cents.Revenues fell around 11% from the year-ago quarter to 4,629 million. The top line, however, beat the Zacks Con ...