ByAlbert Alfonso:On February 12, Cliffs Natural Resources (CLF) reported its Q4 and FY 2012 results. In that report, Cliffs Natural Resources announced a 76% reduction of its quarterly dividend, to $0.15 per share, from its previous level of 0.625 per share.
Cliffs Natural resources Inc. (NYSE:CLF) managed to beat analyst estimates thrice over the last four quarters, and this time around, the iron ore miner has the potential to surprise analysts with upbeat earnings yet again. Cliffs Natural resources stock price has declined more than 10 percent year-to-date (YTD).
ByDave Dierking:Recently, I published a piece detailing what was going well and not so well at Cliffs Natural Resources (CLF). I talked about how one of the worst things going for Cliffs right now is how the company is being adversely impacted by falling iron ore prices.
In the weeks leading to its quarterly earnings report, Cliffs Natural Resources (CLF) traded in a trading range. As predicted previously, shares bounced between around $38 and $45.79, but broke below that range after reporting earnings that were much lower than the consensus of analysts.
By Vladimir Zernov:Cliffs Natural Resources (CLF) has recently reported its first quarter earnings. The company reported net income attributable to Cliff's common shareholders of $97 million , or $0.66 per diluted share.
Cliffs Natural Resources (CLF) is scheduled to report results for the second quarter of its fiscal 2014 (2QFY14) on Thursday, before the market opens. Analysts expect the company to report losses of $0.09 per share, while revenues are forecasted to be $1.18 Billion – both declining year-over-year (YoY). The pessimistic outlook is being attributed to depressed iron ore and metallurgical coal prices.
ByDave Dierking:Cliffs Natural Resources (CLF) has been dealing with almost nothing but bad news over the last couple of years. The latest hammer dropped today as the company announced that it would be cutting its 2014 capital expenditures by $100 million as a result of continued weakness in iron ore prices.