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.
This story was generated by Automated Insights using data from Zacks Investment Research. ACI stock research report from Zacks.
Keywords:Arch Coal,Earnings Report