Cleveland-Cliffs Inc. Q3 Loss Inline With Estimates

(RTTNews) - Cleveland-Cliffs Inc. (CLF) released Loss for third quarter in line with the Street estimates.

The company's bottom line totaled -$251 million, or -$0.51 per share. This compares with -$244 million, or -$0.52 per share, last year.

Excluding items, Cleveland-Cliffs Inc. reported adjusted earnings of -$223 million or -$0.45 per share for the period.

Analysts on average had expected the company to earn -$0.45 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.6% to $4.734 billion from $4.569 billion last year.

Cleveland-Cliffs Inc. earnings at a glance (GAAP) :

-Earnings: -$251 Mln. vs. -$244 Mln. last year. -EPS: -$0.51 vs. -$0.52 last year. -Revenue: $4.734 Bln vs. $4.569 Bln last year.