Cleveland-Cliffs Reports Preliminary Q4 Results; Quarter, Full-Year Revenue Falls
Cleveland-Cliffs (CLF) reported preliminary Q4 results Monday, reporting expected revenue of approximately $4.30 billion compared with $5.11 billion a year earlier.
Analysts polled by FactSet expected revenue of $4.45 billion.
For the full year 2024, the company anticipates revenue of approximately $19.20 billion, down from $22 billion last year.
Analysts surveyed by FactSet expected full-year revenue of $19.30 billion.
Cleveland-Cliffs plans to release its complete Q4 and full-year 2024 earnings results after the US market closes on Feb. 24.
Shares of Cleveland-Cliffs were down nearly 3% in recent Monday premarket activity.
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