ST LOUIS — Arch Coal Inc. (ACI) on Tuesday reported a loss of $240.1 million in its fourth quarter.
The St. Louis-based company said it had a loss of $1.13 per share. Losses, adjusted for non-recurring costs, came to $1.09 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 38 cents per share.
The coal producer posted revenue of $745.2 million in the period, exceeding Street forecasts. Analysts expected $720.6 million, according to Zacks.
For the year, the company reported that its loss narrowed to $558.4 million, or $2.63 per share. Revenue was reported as $2.94 billion.
The company's shares closed at 95 cents. A year ago, they were trading at $4.24.
Keywords: Arch Coal, Earnings Report
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