Cleveland-Cliffs (CLF) Reports Q4 EPS of $1.05, Miss on Revenues

Cleveland-Cliffs (NYSE: CLF) reported Q4 EPS of $1.05, versus $0.17 reported last year. Revenue for the quarter came in at $601 million versus the consensus estimate of $619 million.

• Fourth-quarter 2017 consolidated revenues were $601 million, compared to prior-year fourth-quarter revenues of $754 million. Cost of goods sold was $492 million, compared to $573 million reported in the fourth quarter of 2016.
• For the fourth quarter of 2017, the Company recorded net income of $318 million, or $1.05 per diluted share, compared to net income of $81 million, or $0.34 per diluted share, recorded in the prior-year quarter.
• For the fourth-quarter of 2017, adjusted EBITDA1 was $129 million, compared to $174 million in the fourth quarter of 2016.

For earnings history and earnings-related data on Cleveland-Cliffs (CLF) click here.

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