Cliffs Natural Resources Stock Price Rises 18 Percent on Strong Profits

CNBC reported that Cliffs Natural Resources’ stock price jumped close to 18 percent on Thursday after they reported stronger than expected profits for the first quarter.

As quoted in the CNBC report:

After Wednesday’s close, the company reported earnings of 60 cents a share, excluding special items, while analysts on average had been expecting 34 cents, according to Thomson Reuters I/B/E/S.

To view the whole CNBC report, click here.