Arch Coal Inc. (ACI) reported third-quarter net income attributable to the company of $25.2 million or $0.16 per share compared to $97.8 million or $0.68 per share last year.
On average, 23 analysts polled by Thomson Reuters expected the company to report profit of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $615.0 million from $769.5 million last year. Analysts expected revenue of $605.08 million for the quarter.
Arch now expects 2009 earnings per share in the range of $0.28-$0.43.
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