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Stock impact report

Cleveland-Cliffs Inc. Reports Second-Quarter 2018 Results

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Business Wire
Earnings per share from continuing operations increases 171 percent to $0.76 per share U.S. Iron Ore realized revenue rate increases 16 percent to $113 per long ton Full-year U.S. Iron Ore pellet sales volume expectation increases to 21 million long tons CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2018. The Company reported consolidated revenues of $714 million, compared to the prior year's second-quarter revenues of $471 million. Cost of goods sold was $430 million compared to $327 million reported in the second quarter of 2017. The Company recorded income from continuing operations of $229 million in the second quarter, or $0.76 per diluted share, compared to $84 million, or $0.28 per diluted share, in the second quarter of 2017. Net income for Show less Read more
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