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Cleveland-Cliffs: 1Q Earnings Snapshot

CLEVELAND (AP) _ Cleveland-Cliffs Inc. (CLF) on Thursday reported a loss of $22.1 million in its first quarter.

The Cleveland-based company said it had a loss of 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The mining company posted revenue of $157 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $116.6 million.

Cleveland-Cliffs shares have risen 24 percent since the beginning of the year. The stock has increased 31 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLF at https://www.zacks.com/ap/CLF