Arch Resources, Inc. Q3 Profit Advances, but misses estimates

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

The company's earnings came in at $181.01 million, or $8.68 per share. This compares with $89.14 million, or $4.92 per share, in last year's third quarter.

Analysts on average had expected the company to earn $9.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 45.3% to $863.84 million from $594.41 million last year.

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

-Earnings (Q3): $181.01 Mln. vs. $89.14 Mln. last year.
-EPS (Q3): $8.68 vs. $4.92 last year.
-Analyst Estimate: $9.61
-Revenue (Q3): $863.84 Mln vs. $594.41 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT