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Cleveland-Cliffs Stock Rallies Despite Earnings Miss

Cleveland-Cliffs Stock Rallies Despite Earnings Miss

Author:

Global Cryptocurrency

Published:

2025-10-20 13:04:03

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BTCCSquare news:

Cleveland-Cliffs (CLF) shares surged Monday despite posting a wider-than-expected Q3 loss. The steel producer reported adjusted EPS of -51 cents, missing the -45 cent consensus estimate and worsening from -33 cents YoY. Revenue of $4.73 billion fell short of the $4.9 billion projection, though marked 3.5% annual growth.

Market participants shrugged off the earnings disappointment, focusing instead on the company's year-over-year revenue improvement. The rally suggests investors may be pricing in broader industrial recovery expectations rather than quarterly performance metrics.

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