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ENGLEWOOD, Colo. (AP) _ Westmoreland Coal Co. (WLB) on Friday reported a loss of $36.6 million in its second quarter.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of $2.04. Losses, adjusted for non-recurring costs and restructuring costs, were 82 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.
The wireless spectrum license company posted revenue of $349 million in the period.
Westmoreland shares have dropped 51 percent since the beginning of the year. The stock has dropped 54 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLB at http://www.zacks.com/ap/WLB
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Keywords: Westmoreland Coal, Earnings Report
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Westmoreland Coal Co.
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CODE : WLB |
ISIN : US9608781061 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Westmoreland Coal is a coal producing company based in United states of america. Westmoreland Coal is listed in United States of America. Its market capitalisation is US$ 2.8 millions as of today (€ 2.3 millions). Its stock quote reached its highest recent level on May 18, 2012 at US$ 9.99, and its lowest recent point on April 24, 2018 at US$ 0.15. Westmoreland Coal has 18 744 151 shares outstanding. |