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3 years ago
Cliffs Natural Resources posts quarterly loss
February 2, 2015 / 9:52 PM / 3 years ago

Cliffs Natural Resources posts quarterly loss

(Reuters) - U.S. miner Cliffs Natural Resources Inc (CLF.N) reported a fourth-quarter loss, hurt partly by asset impairment charges.

Net loss attributable to shareholders was $1.26 billion, or $8.25 per share, in the quarter ended Dec. 31, compared with a profit of $30.5 million, or 20 cents per share, a year earlier. [ID:nPn9zPJsG]

Revenue fell nearly 15 percent to $1.28 billion, but edged past average analyst estimate of $1.21 billion, according to Thomson Reuters I/B/E/S.

Reporting By Kanika Sikka and Manya Venkatesh in Bengaluru; Editing by Joyjeet Das

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