Cliffs Natural Resources Inc. Appoints Eric Rychel to Board of Directors

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. SAP
6. CSX
7. LRCX
8. LVS
9. QGEN
10. SPY

Go back to Cliffs Natural Resources Inc. Appoints Eric Rychel to Board of Directors

Cliffs Natural Resources (CLF) Posts Q3 Operating Loss of 11c/Share

October 27, 2016 8:09 AM EDT

Cliffs Natural Resources (NYSE: CLF) reported Q3 EPS of ($0.11), which may not compare with the analyst estimate of $0.17. Revenue for the quarter came in at $553 million versus the consensus estimate of $581.01 million.

The Company recorded a net loss of $28 million compared to net income of $6 million recorded in the prior-year quarter. The net loss during the third quarter of 2016 included an $18 million loss on extinguishment/restructuring of debt, primarily attributable to the full redemption of the Senior Notes due January 2018 (the "2018 Notes"), compared to a $79 million gain on extinguishment/restructuring of... More