Cleveland-cliffs reports third-quarter 2019 results

. reports third-quarter 2019 results.q3 earnings per share $0.33.q3 revenue $556 million versus refinitiv ibes estimate of $544.9 million.q3 earnings per share estimate $0.24 -- refinitiv ibes data.says 2019 total capital expenditures expectation reduced to about $625-$675 million, from previous expectation of $650-$700 million.says 2019 sales volume expectation was revised to 19.5 million long tons.mining and pelletizing pellet sales volume in q3 of 2019 was 5.8 million long tons, an 11 percent decrease from prior-year quarter.sees 2019 production volume of 20.0 million long tons.sees 2019 cost of goods sold rate $73 - $78 per long ton.full-year 2019 mining and pelletizing cash cost of goods sold rate expectation is maintained at $62 to $67 per long ton.would expect to realize mining and pelletizing revenue rates in range of $97 to $102 per long ton for full-year 2019.
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