the republic logo

Arch Coal misses 3Q profit expectations, tops revenue forecasts

bug
Share/Save/Bookmark

ST LOUIS, Missouri — Arch Coal Inc. (ACI) on Tuesday reported a loss of $97.2 million in its third quarter.

The St. Louis-based company said it had a loss of 46 cents per share. Losses, adjusted for one-time gains and costs, were 45 cents per share.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The coal producer posted revenue of $742.2 million in the period, surpassing Street forecasts. Analysts expected $711.1 million, according to Zacks.

The company's shares closed at $1.79. A year ago, they were trading at $4.04.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. ACI stock research report from Zacks.

_____

Keywords:Arch Coal,Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.