CLEVELAND (AP) — CLEVELAND (AP) — Cleveland-Cliffs Inc. (CLF) on Monday reported a loss of $67 million in its first quarter.
On a per-share basis, the Cleveland-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The mining company posted revenue of $5.2 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $5.29 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLF at https://www.zacks.com/ap/CLF