Cleveland-Cliffs (CLF) Q4 Loss of $243M, EPS 44c vs. 62c Estimate

Cleveland-Cliffs Inc. (CLF) reported a fourth-quarter loss of $243 million, or 44 cents per share, after adjusting for non-recurring items and discontinued operations. Revenue for the quarter totaled $4.31 billion, below the $4.62 billion average estimate. The year-earlier loss was $1.48 billion, or $2.91 per share, with annual revenue of $18.61 billion.