Cleveland-Cliffs (CLF) earnings report beat estimates. The CLF earnings call revealed $1.71 in EPS and $6B in revenue. Jenny Horne weighs in on how the CLF stock price was surging, but then continued lower on the day. George Tsilis states that even though many companies have reported positive earnings results, their stocks are falling due to the broader market. Cleveland-Cliffs is a company that specializes in the mining, beneficiation, and pelletizing of iron ore, in addition to steelmaking. Alex Coffey discusses how Cleveland-Cliffs is related to the automobile manufacturers and infrastructure. Also, what could happen as the company raises their prices?
25 Apr 2022