Cliffs Natural Resources (CLF) Posts Q1 Loss of $0.11/Share, Revenues Beat

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Go back to Cliffs Natural Resources (CLF) Posts Q1 Loss of $0.11/Share, Revenues Beat

Cliffs Natural Resources Inc. Reports First-Quarter 2017 Results

April 27, 2017 8:00 AM EDT

CLEVELAND, April 27, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2017. The Company reported consolidated revenues of $462 million, an increase of 51 percent compared to the prior year's first-quarter revenues of $306 million, as a result of increased sales volumes and seaborne iron ore prices. Cost of goods sold increased by 33 percent to $366 million compared to $275 million reported in the first quarter of 2016, as a result of increased sales volumes in both business segments.

The Company recorded a net loss of $30... More