Cleveland-Cliffs: third-quarter profit beats analyst expectations
FROM THE WIRE · FINANCE.YAHOO.COM
CLEVELAND (AP) — CLEVELAND (AP) — Cleveland-Cliffs Inc. (CLF) on Monday reported third-quarter profit of $152 million. On a per-share basis, the Cleveland-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults beat consensus on earnings per share and revenue, relevant for the steelmaker's stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Cleveland-Cliffs reported third-quarter profit of $152 million.
- 02Adjusted earnings per share were 28 cents, versus an estimate of 24 cents.
- 03Revenue was $5.61 billion, above the forecast of $5.58 billion.
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