Cliffs Natural Resources (CLF) Tops Q2 EPS by 7c; Maintains CapEx Outlook

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Go back to Cliffs Natural Resources (CLF) Tops Q2 EPS by 7c; Maintains CapEx Outlook

Cliffs Natural Resources Inc. Reports Second-Quarter 2016 Results

July 28, 2016 8:03 AM EDT

CLEVELAND, July 28, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2016. Second-quarter 2016 consolidated revenues of $496 million were relatively flat compared to the prior year's second-quarter revenues of $498 million. Cost of goods sold decreased by 8 percent to $405 million compared to $441 million reported in the second quarter of 2015.

For the second quarter of 2016, the Company recorded net income from continuing operations of $30 million compared to a net loss from continuing operations of $38 million recorded in the prior-year quarter. The Company recorded earnings attributable to... More