| Cliffs reports 4Q loss | |
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CLEVELAND (AP) _ Cliffs Natural Resources Inc. (CLF) on Wednesday reported a loss of $60.3 million in its fourth quarter.
The Cleveland-based company said it had a loss of 39 cents per share. Losses, adjusted for one-time gains and costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The mining company posted revenue of $476 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $508 million.
For the year, the company reported that its loss narrowed to $749.3 million, or $5.13 per share. Revenue was reported as $2.01 billion.
The company's shares closed at $1.52. A year ago, they were trading at $7.22.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLF at http://www.zacks.com/ap/CLF
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Keywords: Cliffs Natural Resources, Earnings Report
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CLIFFS Natural Resources
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PRODUCER |
CODE : CLF |
ISIN : US18683K1016 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CLIFFS Natural Res is a iron producing company based in United states of america. CLIFFS Natural Res produces iron, coal in Australia, in Brazil and in Canada, and holds various exploration projects in Canada. Its main assets in production are WABUSH MINE, EMPIRE AND TILDEN MINES, HIBBING TACONITE, NORTHSHORE MINE, UNITED TACONITE, OAK GROVE MINE, GREEN RIDGE MINE and PINNACLE MINE in Canada, AUSTRALIAN IRON ORE and SONOMA in Australia and AMAPA in Brazil and its main exploration properties are MT JACKSON J1 in Australia and DIAGNOS, WAWA, FREEWEST, MC FAULD'S LAKE, MACFADYEN, WAWA CLAIMS and BIG DADDY in Canada. CLIFFS Natural Res is listed in France, in Germany and in United States of America. Its market capitalisation is US$ 3.8 billions as of today (€ 3.5 billions). Its stock quote reached its highest recent level on May 16, 2008 at US$ 99.17, and its lowest recent point on January 15, 2016 at US$ 1.20. CLIFFS Natural Res has 297 400 968 shares outstanding. |