Cleveland-Cliffs Sees 2027 Adjusted EBITDA Above $4 Billion
Management forecast 2027 adjusted EBITDA above $4 billion. Shares rose more than 10% Monday morning after the company’s third-quarter report, and adjusted EPS beat analyst estimates.
Cleveland-Cliffs (CLF) shares rose more than 10% on Monday morning following the steelmaker’s third-quarter report, with adjusted earnings per share beating analyst estimates and management forecasting 2027 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) above $4 b…