StocksMediumUpdated×2•Originally published 19 October 2026•Updated 19 October 2026•
1 min read
Cleveland-Cliffs Stock Jumps 14% Following $612 Million Q3 Ebitda Report
Key Facts
1Cleveland-Cliffs swung to a third-quarter profit as sales rose.
2Revenue growth was driven by higher sales volumes of steel products and increased selling prices.
Cleveland-Cliffs reported third-quarter 2026 earnings of $0.28 per share, beating analyst estimates of $0.24 per share. The company posted Ebitda of $612 million on total sales of $5.6 billion, causing CLF stock to jump 14% as it swung to a quarterly profit.
The revenue growth was driven by higher sales volumes of steel products and increased selling prices, according to the Wall Street Journal. CLF was trading at $13.82 on October 19, 2026, after the stock had closed at $12.12 on October 16, 2026.