Cleveland-Cliffs Inc. Q3 Earnings Drop

(RTTNews) - Cleveland-Cliffs Inc. (CLF) released a profit for third quarter that declined from the same period last year.

The company's earnings totaled $90.9 million, or $0.33 per share. This compares with $437.8 million, or $1.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 25.1% to $555.6 million from $741.8 million last year.

Cleveland-Cliffs Inc. earnings at a glance:

-Earnings (Q3): $90.9 Mln. vs. $437.8 Mln. last year. -EPS (Q3): $0.33 vs. $1.41 last year. -Analysts Estimate: $0.24 -Revenue (Q3): $555.6 Mln vs. $741.8 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos