Cleveland-Cliffs' (NYSE: CLF) management has been talking about how the company was going to become a highly profitable entity in a relatively short amount of time after a complete reconfiguration of its business strategy and asset disposal program. This past quarter, we got to see the real potential of those business decisions as earnings surpassed all of Wall Street's expectations.Let's take a look at the results of this past quarter to put this earnings beat into context and see if this is just a one-time thing or foreshadowing of future results. Image source: Getty Images.Continue reading