Cliffs Natural Resources Inc. Earnings Decline 79% In Q2

(RTTNews) - Cliffs Natural Resources Inc. (CLF) announced a profit for second quarter that fell from last year.

The company said its bottom line fell to $12.8 million, or $0.07 per share. This was down from $60.2 million, or $0.39 per share, in last year's second quarter.

The company said revenue for the quarter fell 0.4% to $496.2 million. This was down from $498.1 million last year.

Cliffs Natural Resources Inc. earnings at a glance:

-Earnings (Q2): $12.8 Mln. vs. $60.2 Mln. last year. -Earnings Decline (Y-o-Y): -78.7% -EPS (Q2): $0.07 vs. $0.39 last year. -EPS Decline (Y-o-Y): -82.1% -Revenue (Q2): $496.2 Mln vs. $498.1 Mln last year. -Revenue Change (Y-o-Y): -0.4%