11:51 AM EDT, 05/08/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph)

Cleveland-Cliffs ( CLF ) shares were down more than 15% in recent Thursday trading after the company's Q1 swung to adjusted losses beyond analyst estimates and revenue declined.

The company posted a Q1 adjusted loss Wednesday of $0.92 per diluted share, swinging from profit of $0.18 a year earlier.

Analysts polled by FactSet expected a loss of $0.82.

Revenue for the quarter ended March 31 was $4.63 billion compared with $5.20 billion a year earlier.

Analysts surveyed by FactSet expected $4.63 billion.

Price: 7.20, Change: -1.29, Percent Change: -15.19