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via finance.yahoo.comBusiness & Companies

Cleveland-Cliffs posts strongest quarter in 3 years, swings to profit; shares soar 16.3%

FROM THE WIRE · FINANCE.YAHOO.COM

Cleveland-Cliffs (NYSE:CLF) snapped a five-day losing streak on Monday, surging 16.34 percent to close at $14.10 after reporting its strongest quarterly performance in three years, returning to profitability and fueling hopes of a sustained recovery this year. In an updated…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishMuch stronger quarterly results drove a sharp rise in the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The stock closed at $14.10 after rising 16.34%.
  2. 02Net income attributable to shareholders swung from a $251 million loss to $152 million profit.
  3. 03Revenues rose 18% to $5.612 billion year-on-year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cleveland-Cliffs Inc.CLFStock14.10 USDMarket closedtoday +16.34%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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