| Alpha Natural Resources 3Q results top Street | |
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BRISTOL, Va. (AP) -- Alpha Natural Resources' third-quarter loss narrowed, helped by reduced costs.
The coal producer's performance topped analysts' estimates.
Alpha Natural Resources lost $185 million, or 84 cents per share, for the three months ended Sept. 30. That compares with a loss of $458.2 million, or $2.07 per share, a year ago.
Stripping out certain items, it lost 53 cents per share.
Analysts surveyed by Zacks Investment Research expected a bigger loss of 71 cents per share.
Total costs and expenses fell to $1.22 billion from $1.74 billion.
Revenue dropped 12 percent to $1.05 billion from $1.19 billion as coal revenue declined partly on lower shipments of metallurgical and Powder River Basin coal. The results still managed to beat the $989.7 million in revenue that analysts polled by Zacks forecast.
Shares of Alpha Natural Resources Inc. fell 8 cents, or 3.7 percent, to $2.06 in midday trading Thursday.
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(This story corrects a previous version, which incorrectly reported figures from a previous quarter).
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Elements of this story were generated by Automated Insights using data from Zacks Investment Research. ANR stock research report from Zacks.
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Alpha Natural Resources Inc.
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CODE : ANR |
ISIN : US02076X1028 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alpha Natural Res. is a producing company based in United states of america. Alpha Natural Res. is listed in Germany and in United States of America. Its market capitalisation is US$ 580.6 millions as of today (€ 502.5 millions). Its stock quote reached its highest recent level on July 25, 2008 at US$ 99.92, and its lowest recent point on February 19, 2021 at US$ 0.02. Alpha Natural Res. has 49 410 000 shares outstanding. |