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ST LOUIS, Mo. (AP) -- Arch Coal Inc. (ACI) on Tuesday reported a bigger loss in its second quarter, and beat analysts' expectations.
The St. Louis-based company posted a loss of $96.9 million, or 46 cents per share, compared with a loss of $72.2 million, or 34 cents per share, in the same quarter a year earlier.
Losses, adjusted for one-time gains and costs, were 46 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
The coal producer said revenue dropped 6.9 percent to $713.8 million from $766.3 million in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $718.5 million, according to Zacks.
Arch Coal shares have decreased $1.59, or 36 percent, to $2.86 since the beginning of the year. The stock has fallen $1.26, or 31 percent, in the last 12 months.
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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full ACI report: http://www.zacks.com/ap/ACI
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Keywords:Arch Coal,Earnings Report
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Arch Coal Inc
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PRODUCER |
CODE : ACI |
ISIN : US0393801008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arch Coal is a coal producing company based in United states of america. Arch Coal holds various exploration projects in USA. Its main assets in production are WEST ELK, BLACK THUNDER and JACOB'S RANCH in USA and its main asset in development is SPRUCE N° 1 in USA. Arch Coal is listed in Germany and in United States of America. Its market capitalisation is US$ 366 000 as of today (€ 317 981). Its stock quote reached its highest recent level on June 27, 2003 at US$ 99.96, and its lowest recent point on October 04, 2018 at US$ 0.01. Arch Coal has 36 600 000 shares outstanding. |