Cliffs Natural Resources reported revenue of $754 million during the fourth quarter, up 58% from the year-ago quarter thanks to higher volumes and pricing, which was $78.8 million ahead of analysts’ expectations. Earnings from continuing operations, likewise, surged to $81 million, or $0.42 per share, putting last year’s net loss of $58 million in the rearview mirror.
Category: Cleveland Cliffs
Why Cliffs Natural Resources, Groupon, and Alnylam Pharmaceuticals Slumped Today
Thursday was another sluggish day on Wall Street, with the Dow once again moving away from the 20,000 mark rather than toward it. Most major market benchmarks were down slightly on the day, as investors seemed content to coast into the end of the year as they wait to see whether things in 2017 will go as well as the recent stock market rally would suggest.
Thursday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Music & Electronics Stores
In trading on Thursday, non-precious metals & non-metallic mining shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Cliffs Natural Resources , down about 5.8% and shares of Century Aluminum Company off about 4.7% on the day.