News
CLF
18.55
-11.03%
-2.30
CLEVELAND-CLIFFS INC <CLF.N>: JP MORGAN CUTS TARGET PRICE TO $23 FROM $24
Reuters · 9h ago
Cleveland-Cliffs, Freeport-McMoRan Report Q1 Results; Worthington Steel Gets GM Supplier Of The Year And More: Tuesday's Top Mining Stories
Cleveland-Cliffs Inc reported first-quarter 2024 results with revenue of $5.2 billion and adjusted net income of $87 million. Freeport-McMoRan Inc (NYSE:FCX) reported strong first- quarter 2024 results. The company announced a new $1.5 billion share buyback initiative.
Benzinga · 14h ago
Steel Dynamics Overcomes Slow Start to 2024 -- Market Talk
Steel Dynamics reports better-than-expected 1Q results. Shares up 2.2% at $137.10 in after hours trading. The steelmaker says it overcame soft demand and low customer inventories. The company expects orders from automotive, energy and nonresidential construction customers to remain strong.
Dow Jones · 14h ago
CLEVELAND CLIFFS CEO LOURENCO GONCALVES ON US STEEL- NIPPON DEAL SAYS THE DEAL WILL FAIL - CNBC INTERVIEW
Reuters · 15h ago
Cliffs sinks after Q1 miss; CEO rips US Steel deal for lacking union support
Nucor (NUE) and Cleveland-Cliffs (CLF) both miss estimates for Q1 adjusted earnings and revenues. Nucor's miss is the company's first in nine straight quarters. Cliffs CEO rips US Steel deal for lacking union support. Both companies announced a $1.5B stock buyback program.
Seeking Alpha · 16h ago
Why Cleveland-Cliffs Plunged on Tuesday
Shares of steelmaker Cleveland-Cliffs are down 9.7% in Tuesday trading. The company missed on revenues and earnings per share in its first-quarter results. The miss appears to be due to an unusual issue with one of Cliffs' customer segments. But with the company ramping up share repurchases, the sell-off could be an opportunity.
The Motley Fool · 17h ago
Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Shares of Nucor Corporation tumbled 6.5% to $179.20 on Tuesday. The company reported worse-than-expected quarterly financial results. Cyngn Inc. Shares jumped 100% after the company was chosen to supply John Deere with industrial automation. Pineapple Energy Inc. And Virgin Galactic Holdings, Inc. Were among the stocks moving in today's mid-day session.
Benzinga · 18h ago
Cleveland-Cliffs (CLF) Q1 2024 Earnings Call Transcript
Cleveland-Cliffs (CLF -8.20%) Q1 2024 Earnings Call will be held on Thursday, April 23, 2024. The company will discuss its results for the period ending March 31, 2024 in a conference call. Celso Goncalves, executive vice president and chief financial officer, will discuss the company's financial results.
The Motley Fool · 19h ago
Cleveland-Cliffs Down Nearly 9%, on Pace for Largest Percent Decrease Since March 2023 -- Data Talk
Cleveland-Cliffs Inc (CLF) is currently at $19.00, down $1.85 or 8.87%. Down 16.45% month-to-date; on pace for worst month since Sept. 2022. Down 84.06% from its all-time closing high of $119.19.
Dow Jones · 20h ago
Tuesday's ETF Movers: ARKG, PICK
NASDAQ · 20h ago
Tuesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Computer Peripherals
NASDAQ · 20h ago
Stocks Finish Higher as Q1 Earnings Impress
US stock indexes closed moderately higher on Tuesday. Better-than-expected Q1 earnings results supported stocks Tuesday. Globe Life closed up more than +14% after raising its full-year earnings estimate. US Apr S&P manufacturing PMI report unexpectedly contracted, knocking bond yields lower. Overseas stock markets in Europe closed mixed; Euro Stoxx 50 rose to a 1-week high.
Barchart · 20h ago
Cleveland-Cliffs (CLF) Shares Enter Oversold Territory
NASDAQ · 20h ago
Nucor, Cleveland-Cliffs Earnings Bloopers Weigh Down Steel Stocks
Two steel producers report weak first-quarter numbers. Cleveland-Cliffs reported adjusted earnings per share of 18 cents on sales of $5.2 billion. The company bought back $600 million in stock in the quarter. Nucor reported a 5.4% drop in first quarter earnings.
Barron‘s · 21h ago
Stock Laggards Tuesday: JetBlue, PepsiCo, Nucor
JetBlue shares fall nearly 15% in early trading after the airline slashes its 2024 revenue forecast. PepsiCo posts sales that topped analysts' projections, but its earnings disappointed. Shares of Nucor and Cleveland-Cliffs slide in trading after cooler demand for the metal. Xerox shares fell nearly 13% in their trading debut.
The Wall Street Journal · 21h ago
What Recent Earnings Say About the State of Manufacturing
NASDAQ · 22h ago
Cleveland-Cliffs, Nucor Shares Are Sliding Tuesday: What's Going On?
Shares of steelmakers Cleveland-Cliffs Inc and Nucor Corp are moving lower on the heels of the companies’ first-quarter financial results. Cleveland-cliffs reported first- quarterly revenue of $5.2 billion, which missed the consensus estimate of $6 billion. The company also reported adjusted earnings of 18 cents per share in the first quarter.
Benzinga · 22h ago
Cleveland-Cliffs Q1 24 Earnings Conference Call At 8:30 AM ET
NASDAQ · 1d ago
Wall Street Set To Open Higher As Tesla To Kick Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy Pullback'
index futures rise slightly in early trading on Tuesday. Asian markets closed mostly higher; European markets started on a firmer footing. U.S. Stocks snapped a six-day losing streak on Monday. Tesla, Inc. Shares rose modestly ahead of the company's earnings report.
Benzinga · 1d ago
Stocks Find Support on Q1 Earnings and Lower Bond Yields
US stock indexes this morning are moderately higher, with the Dow Jones Industrials climbing to a 1-1/2 week high. Better-than-expected Q1 earnings results are supporting stocks today. Danaher is up more than +6% after reporting better than expected Q1 sales. The US Apr S&P manufacturing PMI report unexpectedly fell to a 4-month low. Stocks extended their gains after a weaker- than-expected PMI knocked bond yields lower. European stock markets are mixed; European government bond yields are moving higher.
Barchart · 1d ago
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About CLF
Cleveland-Cliffs Inc. is a flat-rolled steel producer and engaged in manufacturing iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It offers advanced high-strength steels (AHSS), hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, tinplate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, rail, slab and cast ingot. Its tubular components and tooling and stamping segments provide carbon and stainless steel tubing products, advanced-engineered solutions, tool design and build, hot and cold stamped steel components and complex assemblies. It serves various markets, such as automotive, infrastructure and manufacturing, steel producers, and distributors and converters.