Shares of Cleveland-Cliffs Inc. (CLF) gained 4% in early trade on Friday after the company reported better-than-expected results for the third quarter of 2021 on robust revenue growth. The iron ore mining company supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. Third-quarter earnings stood at $2.33 per share, topping the Street estimates of $2.17 per share. The figure compares favorably with a loss of $0.02 per share reported in the same quarter last year. (See Cleveland-Cliffs stock charts on TipRanks) Total revenue of $6 billion outpaced the consensus estimate of $5.7 billion. The company had reported revenue of $1.
https://www.tipranks.com/news/cleveland-cliffs-posts-strong-q3-results-shares-pop-4?utm_source=advfn.com&utm_medium=referral
Cleveland Cliffs (NYSE:CLF)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Cleveland Cliffs Charts.
Cleveland Cliffs (NYSE:CLF)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Cleveland Cliffs Charts.