WASHINGTON (dpa-AFX) - Cliffs Natural Resources Inc (CLF), a producer of iron ore and metallurgical coal, on Wednesday reported second-quarter net earnings to common shareholders of $60.2 million or $0.46 per share compared with a loss of $1.9 million or $0.03 per share last year.
Results for the quarter included income from discontinued operations of $103.4 million compared with a loss of $76.4 million a year ago.
Revenues for the quarter were lower at $498.1 million compared with $747.7 million in the prior year.
Analysts polled by Thomson Reuters estimated a loss of $0.11 per share on revenues of $572.3 million for the quarter. Analysts' estimates typically exclude special items.
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