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Cleveland-Cliffs Has Strong Q3 2018, Reinitiates Dividend

Annie Gilroy
Cleveland-Cliffs Has Strong Q3 2018, Reinitiates Dividend

Cleveland-Cliffs (CLF) released its third-quarter earnings today before the markets opened. Its revenue came in at $741.8 million, which was 24.3% higher YoY (year-over-year), beating analysts’ estimate of $732 million according to the consensus compiled by Thomson Reuters. In its second-quarter results, it beat the consensus estimate.