Arch Coal Reports 2Q Loss On Weaker Revenues

Arch Coal Inc. posted net losses of $72.2 million, or 34 cents per share, in the second quarter. That compares with losses of $435.5 million, or $2.05 per share, a year earlier.

The Creve Coeur-based company says the second-quarter loss reflects overall weakness for coal used in making steel. Excluding one-time costs, Arch reported an adjusted loss of $60.5 million, or 29 cents per share. That’s better than the loss of 34 cents expected on Wall Street, according to FactSet. Revenue fell to $766.3 million from $965.7 million. Analysts expected revenue of $912.7 million.

Read more from the St. Louis Post-Dispatch


Tags:

Leave a Reply