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Alpha Natural Resources Slips To Loss In Q4 On Charges - Quick Facts

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2/24/2012 7:19 AM ET

Alpha Natural Resources, Inc. (ANR: Quote) posted fourth-quarter net loss of $733.3 million or $3.34 per share versus net income of $10.8 million or $0.09 per share last year, mainly hurt by goodwill impairment charge of $745 million.

Adjusted loss from continuing operations for the quarter was $16 million or $0.07 per share compared to adjusted income from continuing operations of $32.6 million or $0.27 per share a year ago.

Total revenues for the three-month period advanced to $2.07 billion from $993.12 million in the prior-year quarter. Analysts polled by Thomson Reuters expected the company to report revenues of $2.16 billion for the quarter. Analysts' estimates typically exclude special items.

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by RTT Staff Writer

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After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February. First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000. After giving back some ground in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 40 points.
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