Cleveland-Cliffs Q3 earnings beat estimates, revenues up 18.5% y/y on higher steel prices
FROM THE WIRE · FINANCE.YAHOO.COM
Cleveland-Cliffs Inc. CLF reported third-quarter 2026 adjusted earnings of 28 cents per share, beating the Zacks Consensus Estimate of 24 cents by 16.7%. The company had posted an adjusted loss of 45 cents per share in the year-ago quarter. Revenues rose 18.5% year over year to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings and revenues above expectations, supported by higher steel prices, can support the stock in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Adjusted EPS was 28 cents, versus the Zacks consensus of 24 cents.
- 02Revenues rose 18.5% year over year to $5.61 billion, above the $5.58 billion consensus.
- 03Higher steel selling prices, larger shipments and better cost performance supported the results.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets