Alpha Natural Resources Posts $2.2Bln Q2 Loss Wider Than Ests, Sales Beat -Shares Pop 10% From Low Levels

By Staff,

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Alpha Natural Resources, Inc. ( ANR ) is up 10% at $6.96, off the day's high $7 after it reported a Q2 loss, excluding restructuring, asset impairment and other charges, of $0.33 per share, wider than Zack's estimates of a loss of $0.30. This was much lower than the year-ago earnings of 97 cents per share.

ANR's reported a Q2 net loss of $2.2 billion, or $10.14 per share, compared with a year-earlier loss of $50 million, or $0.32 per share.

Revenues for Q2 2012 came in at $1.8 bln, ahead of Zack's estimates of $1.7 bln.

ANR trades in a 52-week range of $5.75 - $35.15. Shares have decreased 77% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ANR

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