Cleveland-Cliffs (CLF) Misses Q3 EPS by 40c
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Cleveland-Cliffs Reports Third-Quarter 2022 Results and Announces $1.8 Billion Reduction in Net Pension/OPEB Liabilities
October 25, 2022 7:00 AM EDTThird-quarter revenue of $5.7 billion Third-quarter net income of $165 million Third-quarter Adjusted EBITDA1 of $452 million $1.8 billion reduction in pro forma pension/OPEB net liabilities from previous remeasurement
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2022.
Third-quarter 2022 consolidated revenues were $5.7 billion, compared to the prior-year third-quarter revenues of $6.0 billion. For the third quarter of 2022, the Company recorded net income of $165 million, or $0.29 per diluted share attributable to Cliffs shareholders. In the prior-year third quarter, the Company... More
