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Cleveland-Cliffs: Q3 Earnings Snapshot
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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 operations, came to 28 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The mining company posted revenue of $5.61 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.58 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLF at https://www.zacks.com/ap/CLF

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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