Arch Resources, Inc. Profit Climbs In Q2, but misses estimates

Arch Resources, Inc. (ARCH) announced earnings for its second quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $407.56 million, or $19.30 per share. This compares with $27.87 million, or $1.66 per share, in last year's second quarter.

Analysts on average had expected the company to earn $20.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 151.1% to $1.13 billion from $0.45 billion last year.

Arch Resources, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $407.56 Mln. vs. $27.87 Mln. last year.
-EPS (Q2): $19.30 vs. $1.66 last year.
-Analyst Estimate: $20.87
-Revenue (Q2): $1.13 Bln vs. $0.45 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT