Cleveland-Cliffs (CLF) Misses Q1 EPS by 8c, Revenue Beats

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Go back to Cleveland-Cliffs (CLF) Misses Q1 EPS by 8c, Revenue Beats

Cleveland-Cliffs Inc. Reports First-Quarter 2018 Results

April 20, 2018 8:00 AM EDT

U.S. Iron Ore Realized Revenue increases 32 percent to $105 per long ton Increases full-year U.S. Iron Ore pellet sales volume expectation to 20.5 million long tons

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2018.

As previously discussed, on January 1, 2018, Cliffs adopted the new revenue recognition standard and recognized the cumulative effect of this change as an addition to the opening balance of retained earnings of $34 million. Under ASC Topic 606, revenue will... More