Arch Coal: 2Q Earnings Snapshot
ST LOUIS (AP) _ Arch Coal Inc. (ARCH) on Wednesday reported second-quarter profit of $62.8 million.
On a per-share basis, the St. Louis-based company said it had net income of $3.53.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The coal producer posted revenue of $570.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $553.9 million.
Arch Coal shares have climbed 9% since the beginning of the year. The stock has climbed 13% in the last 12 months.