04:40 PM EDT, 07/22/2024 (MT Newswires) -- Cleveland-Cliffs ( CLF ) reported Q2 adjusted earnings late Monday of $0.11 per diluted share, down from $0.69 a year earlier.

Analysts polled by Capital IQ expected breakeven on adjusted basis.

Revenue for the quarter ended June 30 was $5.09 billion, down from $5.98 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.19 billion.

Shares were up 3% in recent after-hours activity.

Price: 15.68, Change: +0.47, Percent Change: +3.09