Cleveland-Cliffs Inc. Reveals Rise In Q3 Profit

(RTTNews) - Cleveland-Cliffs Inc. (CLF) reported earnings for its third quarter that rose from the same period last year.

The company's earnings totaled $437.8 million, or $1.41 per share. This compares with $53.4 million, or $0.18 per share, in last year's third quarter.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.3% to $741.8 million from $596.7 million last year.

Cleveland-Cliffs Inc. earnings at a glance:

-Earnings (Q3): $437.8 Mln. vs. $53.4 Mln. last year. -EPS (Q3): $1.41 vs. $0.18 last year. -Analysts Estimate: $0.66 -Revenue (Q3): $741.8 Mln vs. $596.7 Mln last year.