Cliffs Natural Resources Inc. Q2 Earnings Rise 148%

(RTTNews) - Cliffs Natural Resources Inc. (CLF) released a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line climbed to $31.8 million, or $0.11 per share. This was higher than $12.8 million, or $0.07 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.7% to $569.3 million. This was up from $496.2 million last year.

Cliffs Natural Resources Inc. earnings at a glance:

-Earnings (Q2): $31.8 Mln. vs. $12.8 Mln. last year. -Earnings Growth (Y-o-Y): 148.4% -EPS (Q2): $0.11 vs. $0.07 last year. -EPS Growth (Y-o-Y): 57.1% -Analysts Estimate: $0.18 -Revenue (Q2): $569.3 Mln vs. $496.2 Mln last year. -Revenue Change (Y-o-Y): 14.7%