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DewDiligence

10/19/18 9:35 AM

#17368 RE: DewDiligence #16907

CLF 3Q18 results—new $0.20/sh annualized dividend:

http://www.clevelandcliffs.com/English/news-center/news-releases/news-releases-details/2018/Cleveland-Cliffs-Inc-Reports-Third-Quarter-2018-Results-and-Initiates-Quarterly-Cash-Dividend/default.aspx

3Q18 GAAP EPS = $1.41.

Guidance for 2018 full-year production (which was boosted 3 months ago: #msg-143921098) is unchanged at 21 long tons.

The stock is -9% as I’m typing—a reversal from the gain during PM trading.

CC at 10am ET.