Referenced Stocks

UPDATE: Arch Coal Reports Narrower Q2 Loss Vs. Ests; Sales Just Above Consensus; Shares Drive 30% Higher

By Midnight Trader,  July 27, 2012, 02:39:55 PM EDT

Arch Coal ( ACI ) has pulled off a day's low of $5.46, which was only 30 cents from the year low, and has climbed as high as $6.88 in afternoon trade. Shares currently are up 30% at $6.80, moving higher after the company today reported a Q2 loss of $0.10 per share, ex one-time items, versus the Capital IQ consensus of $0.18 loss per share.

Revenues were $1.06 bln, versus the analyst estimate of $1 bln.

The company said that it expects 2012 thermal sales volume of 128 mln - 134 mln tons. Met coal sales volume is expected to now be 7.5 mln tons, down from 8 mln - 8.5 mln tons.




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


This article appears in: Investing, Commodities

Referenced Stocks: ACI



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