— Cleveland-Cliffs (NYSE: CLF) reported its fourth-quarter 2019 earnings of $0.23 per share vs. $0.24 per share expected.
— Revenue fell 23% to $534 million, versus $549.4 million expected. Mining and Pelletizing pellet sales volume slid 10% in Q4 due to reduced customer demand.
— The company expects to generate approx. $300-325 million of net income and $550-575 million of adjusted EBITDA for the full-year 2020
— CLF shares fell 0.5% immediately following the announcement.
Listen to on-demand earnings calls and hear how management responds to analysts’ questions
Most Popular
Lyft (LYFT) expects average ride volumes to improve through Q1 2021
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
With new strategy in place, Target looks poised to tap growing online demand
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Infographic: Dollar Tree’s (DLTR) performance in Q4
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company
