Cleveland-Cliffs reported a first-quarter GAAP net loss of $229 million, or $0.42 per diluted share, versus a $486 million loss, or $1.01 per share, a year ago. Adjusted net loss improved to $0.40 per share from $0.93 per share last year, indicating better year-over-year profitability but still negative earnings. The article is limited to earnings results and does not include guidance or other catalysts.
Cleveland-Cliffs reported a first-quarter GAAP net loss of $229 million, or $0.42 per diluted share, versus a $486 million loss, or $1.01 per share, a year ago. Adjusted net loss improved to $0.40 per share from $0.93 per share last year, indicating better year-over-year profitability but still negative earnings. The article is limited to earnings results and does not include guidance or other catalysts.
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