Cliffs Natural Resources (CLF) Posts Q1 EPS of 62c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/28/2026
- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
Cliffs Natural Resources Inc. Reports First-Quarter 2016 Results
April 28, 2016 8:04 AM EDTCLEVELAND, April 28, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2016. First-quarter 2016 consolidated revenues of $306 million decreased 32 percent from the prior year's first-quarter revenues of $446 million. Cost of goods sold decreased by 25 percent to $275 million compared to $365 million reported in the first quarter of 2015.
For the first quarter of 2016, the Company recorded net income of $117 million compared to a net loss of $762 million recorded in the prior-year quarter. The Company recorded net income attributable to Cliffs' common shareholders of $108... More
