Cliffs Natural Resources (CLF) Posts Q1 EPS of 62c

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Go back to Cliffs Natural Resources (CLF) Posts Q1 EPS of 62c

Cliffs Natural Resources Inc. Reports First-Quarter 2016 Results

April 28, 2016 8:04 AM EDT

CLEVELAND, 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