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Cliffs Natural Resources Inc.

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Cliffs Natural swung to a profit on a reported  basis in the first quarter of 2016. Adjusted loss was much lower than the Zacks Consensus Estimate. Revenues tumbled year over year, but beat expectations. The company backed its sales volume expectations for 2016. Cliffs remains focused on improving its cost structure, which will bear fruit in future reporting periods. The company is also boosting its mining and transportation capacity globally. Moreover, Cliffs remains focused on deleveraging its balance sheet.

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