Cliffs Natural Resources Inc. (NYSE:CLF) posted earnings of $2.63 per share in the first quarter of 2012, down from $3.11 a year ago. The results outshone the Zacks Consensus Estimate of $1.12 per share.
Sales for the quarter came in at $1,264.7 million, up 7% from $1,183.2 million posted in the prior year quarter. The increase was driven by higher sales volumes across all the segments. However, revenues missed the Zacks Consensus Estimate of $1,333 million.
Segment Performance
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