Cleveland Cliffs Inc (CLF)

[Newly2b]

From Seeking Alpha:

Cleveland-Cliffs EPS misses by $0.04, misses on revenue

Feb. 25, 2021 7:10 AM ETCleveland-Cliffs Inc. (CLF)By: Pranav Ghumatkar

Cleveland-Cliffs (NYSE:CLF):

Q4 Non-GAAP EPS of $0.24 misses by $0.04; GAAP EPS of $0.14 misses by $0.13.

Revenue of $2.26B (+323.2% Y/Y) misses by $100M.

Adjusted EBITDA was $286M, compared to $111M Y/Y.

2021 Guidance: S, G&A expenses: ~$450M; D&A: ~$700M and Interest Expense: ~$315M in cash interest; $350M total including non-cash interest expense.

Shares -2.37% PM.