NewzINDEPENDENCE, Ohio (AP) — INDEPENDENCE, Ohio (AP) — CBIZ Inc. (CBZ) on Monday reported third-quarter earnings of $47.2 million. The Independence, Ohio-based company said it had profit of 79 cents per share.
Earnings, adjusted for one-time gains and costs, came to $1.21 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The provider of outsourced business services posted revenue of $702.2 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $727.7 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on CBZ at https://www.zacks.com/ap/CBZ Source CLEVELAND (AP) — CLEVELAND (AP) — Cleveland-Cliffs Inc. (CLF) on Monday reported third-quarter profit of $152 million.
On a per-share basis, the Cleveland-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 28 cents per share. The results surpassed Wall Street expectations.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. The mining company posted revenue of $5.61 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.58 billion.
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