Cliffs Natural Resources (CLF) pops another 4.8% after hours, adding to an already impressive 11.8% gain duing the regular session, after its Q3 EPS blows away Street estimates. Top line profit soared 98% Y/Y due to higher iron ore pricing and increased sales volumes, while its bottom line benefited from a big boost in its operating margin from 29% to 38.3%
Reports Q3 (Sep) earnings of $4.07 per share, $0.45 better than the Capital IQ Consensus Estimate of $3.62; revenues rose 59.2% year/year to $2.14 bln vs the $2.17 bln consensus.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
