BUZZ-Cleveland-Cliffs falls after Q4 results miss
ReutersFeb 25, 2025 12:24 PM
Steelmaker Cleveland-Cliffs' shares CLF.N fall 5% to $10.59 premarket
CLF on Monday posted adjusted loss of 68 cents per share, compared with analysts' estimates of a loss of 61 cents a share - LSEG compiled data
Decline in domestic automotive production, and too much imported steel from abroad led to unsustainably low prices of the alloy in 2024, the impact of which was particularly evident in Q4 - CEO Lourenco Goncalves
Q4 revenue $4.33 billion vs LSEG estimates of $4.43 bln
In 2024, stock had fallen ~54%
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