The company states: "For the fourth quarter of 2022, the Company recorded a net loss of $204 million, corresponding to a loss of $0.41 per diluted share attributable to Cliffs shareholders. This included the following charges totaling $57 million, or $0.11 per diluted share: charges of $49 million, or 9c per diluted share, related to state tax provision reconciliations; and net charges of $8 million, or 2c per diluted share, for loss on disposals of assets, partially offset by gains on extinguishment of debt."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CLF:
- Cleveland-Cliffs announces price increase for steel products
- Cleveland-Cliffs announces price increase for coated steel products
- Cleveland-Cliffs Q4 likely to represent trough earnings, says B. Riley
- Cleveland-Cliffs upgraded to Neutral from Underperform at Exane BNP Paribas
- Cleveland-Cliffs, USW file trade cases on ‘unfairly’ traded tin mill products