Cleveland-Cliffs (CLF) Misses Q3 EPS by 2c

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Go back to Cleveland-Cliffs (CLF) Misses Q3 EPS by 2c

Cleveland-Cliffs Inc. Reports Third-Quarter 2018 Results and Initiates Quarterly Cash Dividend

October 19, 2018 8:00 AM EDT

Net income increases 728 percent to $438 million Adjusted EBITDA increases 66 percent to $250 million Company begins cash dividend of $0.20 per share on an annualized basis, to be paid quarterly

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2018.

The Company reported consolidated revenues of $742 million, compared to the prior year's third-quarter consolidated revenues of $597 million. Cost of goods sold was $480 million compared to $439 million reported in the third quarter of 2017.

Net... More