Consol Energy: 2Q Earnings Snapshot
CANONSBURG, Pa. (AP) _ Consol Energy Inc. (CEIX) on Tuesday reported second-quarter profit of $43.3 million.
The Canonsburg, Pennsylvania-based company said it had profit of $1.56 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The coal company posted revenue of $384.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $379.9 million.
Consol Energy shares have declined 40% since the beginning of the year. The stock has dropped 57% in the last 12 months.