Updates share price, adds analyst comment
** Shares of Champion Iron CIA.AX down 0.2% to A$5.55
** Stock of iron ore miner falls as much as 4.7% earlier in the day to hit lowest level since Sept. 11
** Co posts Q3 net income of C$1.7 mln ($1.18 mln), down 99% from last year
** Posts qtrly EBITDA of C$88.2 mln and revenue of C$363.2 mln, both below Citi expectations
** Qtrly production of 3.6 mln wmt was down 10% from last year but 3% higher than Citi estimates
** Co now needs to string together some stronger quarters to lift investor confidence around delivery on expectations - Citi
** Stock down 3.3% this year, as of last close
($1 = 1.4418 Canadian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.