Cleveland-Cliffs falls 6% as FY25 revised capex reduced to $525M

3 hours ago 1

Cleveland-Cliffs press release (NYSE:CLF): Q3 Non-GAAP EPS of -$0.45 in-line.
Revenue of $4.7B (+3.5% Y/Y) misses by $200M.
The Company updated previously guided expectations for the full-year 2025, as follows:
- Capital expenditures of approximately $525 million, from its previous expectation of $600 million