Cliffs Natural Resources posts quarterly loss

Mon Feb 2, 2015 4:47pm EST
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Feb 2 (Reuters) - U.S. miner Cliffs Natural Resources Inc reported a fourth-quarter loss, hurt partly by asset impairment charges.

Net loss attributable to shareholders was $1.26 billion, or $8.25 per share, in the quarter ended Dec. 31, compared with a profit of $30.5 million, or 20 cents per share, a year earlier.

Revenue fell nearly 15 percent to $1.28 billion, but edged past average analyst estimate of $1.21 billion, according to Thomson Reuters I/B/E/S. (Reporting By Kanika Sikka and Manya Venkatesh in Bengaluru; Editing by Joyjeet Das)