Warrior Met Coal: 2Q Earnings Snapshot
BROOKWOOD, Ala. (AP) _ Warrior Met Coal Inc. (HCC) on Wednesday reported second-quarter profit of $91.3 million.
The Brookwood, Alabama-based company said it had net income of $1.72 per share. Earnings, adjusted for non-recurring costs, came to $1.81 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The metallurgical coal producer and exporter posted revenue of $322.6 million in the period.
Warrior Met Coal shares have risen almost 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.55, a climb of 19 percent in the last 12 months.