Cleveland-Cliffs Reports $434 Million Quarterly Loss
The company records $4.3 billion revenue for Q4 ended Dec 31, 2024
CLEVELAND-CLIFFS INC. [CLF] reported $434 million loss for Q4 ended Dec 31, 2024, showing a decrease of $295 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 24, 2025 that it generated revenue of $4.3 billion for the period, showing a decrease of $787 million in the same quarter of the previous year.
Based in Cleveland, Ohio, the company reported $0.9 earnings per share for the period, compared to $0.3 in the last quarter.
The company's loss increased by 212.23% from $139 million in the last quarter.
The revenue of Cleveland-Cliffs Inc. with 30 thousand employees on the rolls showed 15.4% a decrease from $5.1 billion in the last quarter.
The revenue decreased 15.4% from $5.1 billion in the same quarter of the previous year.
