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Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2024 Results

1. CLF reported 2024 full-year earnings with revenue decline to $19.2B. 2. GAAP net loss hit $708M, indicating significant performance challenges.

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FAQ

Why Bearish?

The report shows a significant revenue drop from $22B to $19.2B and a net loss of $708M, which can pressure the stock price. Historically, companies facing sudden earnings downturns often see immediate sell-offs as investor sentiment turns negative.

How important is it?

The results are a direct company earnings release, providing critical data that is likely to influence short-term trading and investor sentiment significantly.

Why Short Term?

Earnings announcements typically drive short-term market reactions, with investors quickly revaluing expectations based on quarterly performance data, as seen in past earnings cycles.

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NUEX
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2024. Full-Year Consolidated Results Full-year 2024 consolidated revenues were $19.2 billion, compared to the prior year's consolidated revenues of $22.0 billion. For the full-year 2024, the Company recorded a GAAP net loss of $708 million, or $1.57 per diluted share, with adjusted net loss2 of $351 million, or $0.73 per diluted share. This compares.

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