Cleveland-Cliffs posts mixed Q3 results; shares up

Cleveland-Cliffs

20/10/2025 11:31

** Shares of Cleveland-Cliffs CLF.N rise 1.4% to $13.51 premarket

** Q3 revenue was below analysts estimates, but rose 3.6% from a year earlier on better sales mix, improved pricing and cost management

** "Our third quarter results marked a clear sign of demand recovery for automotive-grade steel made in the USA, and that is a direct consequence of the new trade environment implemented and enforced by the Trump Administration," said CEO Lourenco Goncalves

** Q3 adjusted loss of 45 cents per share was above analysts' estimated loss of 48 cents - LSEG compiled data

** Q3 revenue $4.73 bln vs. LSEG-compiled data estimate $4.90 bln

** As of last close, stock had risen 41.7% YTD

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))