Cliffs Natural Resources (CLF) Posts Narrower-than-Expected Q3 Loss; Boosts Iron Ore Pricing Outlook
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Cliffs Natural Resources Inc. Reports Third-Quarter 2015 Results
October 29, 2015 8:02 AM EDTCLEVELAND, Oct. 29, 2015 /PRNewswire/ --
Earnings of $0.19 per diluted share from continuing operations driven by significant year-over-year cost savings U.S. Iron Ore cash production costs3 decrease 16 percent to $49 per ton Asia Pacific Iron Ore cash production costs3 decrease 49 percent to $27 per ton Capital expenditures decrease 66 percent to $24 million SG&A expense decreases 55 percent to $22 millionCliffs Natural Resources Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2015. Third-quarter 2015 consolidated revenues of $593 million decreased 39... More
