Regardless of an earnings miss out on, Alcoa'' s CEO took pride in a “”super, super excellent first quarter” “that saw essential business improvements.
Top News & & Evaluation Cliffs Natural
Resources (NYSE: CLF) reported Q4 EPS of.82, ahead of consensus estimates of.16 per share. Revenues for the quarter rose 74 % year-over-year to.42 billion, missing agreement estimates of.43 billion.
Joseph A. Carrabba, Cliffs’ chairman, president and primary executive officer, stated, “Our outstanding year-over-year earnings momentum is straight attributable to the strategic efforts to enhance our business’ exposure to seaborne rates over the past 5 years. I expect this trend to continue as we carry out on our formerly revealed acquisition of Consolidated Thompson Iron Mines Limited, which, upon closing, will further branch out Cliffs’ customer base and lever the Company’s sales to seaborne pricing.”.
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