CLEVELAND — The CEO of a mining company exploded at Wall Street analysts on Friday, saying they can’t read financial reports and should resign.

Lourenco Goncalves told analysts on a conference call that they didn’t understand his company, Cleveland-Cliffs Inc., or even their own businesses.

“You guys should resign for your lack of knowledge of things,” the CEO said. “You are a disaster. You are an embarrassment to your parents.”

The rant earned Goncalves an invitation to appear later on CNBC, but Cleveland-Cliffs shares sank nearly 8 percent in afternoon trading.

Continue reading CLEVELAND | CEO of mining company tears into analysts during rant at STL.News.