Rochester, NY 8/10/2009 4:58:30 PM
Pre-Market - Cliffs Natural Resources Inc., CLF - Cliffs Shares Rise After its Second Quarter Profit Beats Wall Street expectations
Cliffs Natural Resources Inc.
Shares of Cliffs Natural Resources Inc. gained a market high in afternoon trading a day after the company posted its second quarter financial results which was higher from Wall Street expectations.
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Cliffs shares rose to $2.20, or 8.9 percent, to $27.04.
Cliffs Natural Resources Inc., an international mining and natural resources company, reported a second-quarter profit of $45.5 million, or 36 cents a share, which surprised analysts who expected a net loss of 33 cents a share, according to a survey by Thomson Reuters.
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