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Gold/Mining/Energy : Cleveland-Cliffs

CLF 13.75

-0.9%

9:30 AM EST

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From: Fuzzy	10/29/2015 9:21:04 AM
	of 14

CLEVELAND (AP) _ Cliffs Natural Resources Inc. (CLF) on Thursday reported third-quarter net income of $10.6 million, after reporting a loss in the same period a year earlier. The Cleveland-based company said it had profit of 10 cents per share. Losses, adjusted to extinguish debt, came to 15 cents per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share. The mining company posted revenue of $593.2 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $621.7 million.

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