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Benzinga
Benzinga
Business
Henry Khederian

FOUND: Why cleveland cliffs shares are falling - You Need To See This

Cleveland-Cliffs NYSE

Cleveland-Cliffs Inc (NYSE:CLF) shares are trading lower by 5.5% at $19.79 Friday morning after the company reported worse-than-expected fourth-quarter EPS and sales results.

Cleveland-Cliffs reported quarterly earnings of $1.78 per share which missed the analyst consensus estimate of $2.12. The company reported quarterly sales of $5.35 billion which missed the analyst consensus estimate of $5.73 billion by 7%.

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