Cleveland-Cliffs: Q1 Earnings Insights

Shares of Cleveland-Cliffs CLF fell 1.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 150.00% over the past year to $0.04, which beat the estimate of ($0.16).

Revenue of $359.00 million missed estimates of $366.23 million.

Outlook

Cleveland-Cliffs hasn't issued any earnings guidance for the time being.

Cleveland-Cliffs hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 11, 2020

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Fwww.clevelandcliffs.com%2FEnglish%2Finvestors%2Fevents-and-presentations%2Fdefault.aspx&eventid=2156848&sessionid=1&key=0EA1AA527FF6A7B7F4BE2CACEE3C97AD&regTag=&sourcepage=register

Price Action

52-week high: $11.61

52-week low: $2.63

Price action over last quarter: down 34.41%

Company Description

Cleveland-Cliffs Inc is an independent iron ore mining company in the United States and is a supplier of iron ore pellets to the North American steel industry from its mines and processing facilities located in Michigan and Minnesota. It is also engaged in the production of Hot-Briquetted Iron in the Great Lakes region with the development of a production plant in Toledo, Ohio.