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Cliffs Natural Resources Second Quarter Income Falls 37 Percent
Jul. 26, 2012 12:02PM PST
Base Metals Investing
CNBC reported Cliffs Natural Resources Inc. (NYSE:CLF) said Wednesday that its second-quarter net income fell 37 percent as iron ore prices softened and costs rose.
CNBC reported Cliffs Natural Resources Inc. (NYSE:CLF) said Wednesday that its second-quarter net income fell 37 percent as iron ore prices softened and costs rose.
As quoted in the market news:
The Cleveland company reported net income of $258 million, or $1.81 per share, in the April-through-June quarter. That compared with net income of $409.1 million, or $2.94 per share, in the year-ago quarter.
Revenue dropped to $1.63 billion from $1.81 billion.
Click here to read the full CNBC report.