Cleveland-Cliffs Q4 revenue misses estimates, adjusted EPS beats
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Cleveland-Cliffs reported Q4 revenue of $4.3 billion, missing analyst expectations of $4.59 billion. However, adjusted EPS of -$0.43 beat estimates of -$0.60. The company attributes its 2025 performance to challenges in the automotive sector and the Canadian market. For 2026, Cleveland-Cliffs expects steel shipments between 16.5 million and 17.0 million net tons, with a projected capital expenditure of approximately $700 million. The average analyst rating is "hold," with a median 12-month price target of $13.00, 11.7% below its recent closing price.
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