$Cleveland Cliffs(CLF.US) just ripped 16% after the steelmaker said its profit should more than double next year
Cleveland-Cliffs now expects 2027 adjusted EBITDA to top $4 billion, based on new contracts it has already signed and current index price forecasts. It's on pace for roughly $1.7B in 2026Third quarter adjusted EBITDA hit $612M, beating the company's own $575M guidance and more than doubling the $286M it made in Q2. CEO Lourenco Goncalves called it the strongest quarter in three yearsAdjusted EPS came in at $0.28 vs $0.22 expected perSource: StockMarket.News
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