Arch Coal misses 3Q profit expectations, tops revenue forecasts

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ST LOUIS, Missouri — Arch Coal Inc. (ACI) on Tuesday reported a loss of $97.2 million in its third quarter.

The St. Louis-based company said it had a loss of 46 cents per share. Losses, adjusted for one-time gains and costs, were 45 cents 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 41 cents per share.

The coal producer posted revenue of $742.2 million in the period, surpassing Street forecasts. Analysts expected $711.1 million, according to Zacks.

The company's shares closed at $1.79. A year ago, they were trading at $4.04.

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This story was generated by Automated Insights using data from Zacks Investment Research. ACI stock research report from Zacks.

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Keywords:Arch Coal,Earnings Report

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