Cleveland-Cliffs (CLF) Tops Q4 EPS by 1c

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Go back to Cleveland-Cliffs (CLF) Tops Q4 EPS by 1c

Cleveland-Cliffs Inc. Reports Fourth-Quarter and Full-Year 2019 Results

February 20, 2020 7:00 AM EST

Fourth-quarter net income of $63 million or $0.23 per diluted share, including $0.02 per diluted share of acquisition-related costs Full-year net income of $293 million or $1.03 per diluted share

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended December 31, 2019.

Fourth-quarter 2019 consolidated revenues were $534 million, compared to prior-year fourth-quarter revenues of $696 million. Cost of goods sold were $407 million, compared to $494 million reported in the fourth quarter of 2018.

For the fourth quarter of 2019, the Company recorded net income of $63 million, or... More