Update: Cleveland-Cliffs Swings to Q3 Adjusted Earnings, Revenue Rises; Shares Rise

09:48 AM EDT, 10/19/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.) Cleveland-Cliffs (CLF) shares were up nearly 9% in early Monday trading after the company posted Q3 adjusted earnings that topped analyst expectations and higher revenue year over year. The company reported Q3 adjusted earnings of $0.28 per diluted share, swinging from a loss of $0.45 a year earlier. Analysts polled by FactSet expected non-GAAP EPS of $0.21. Revenue for the quarter ended Sept. 30 was $5.61 billion, up from $4.73 billion a year earlier. Analysts expected $5.7 billion. Price: 13.19, Change: +1.07, Percent Change: +8.83