International Coal Group, Inc (ICO) Misses Q2 View
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International Coal Group, Inc (NYSE: ICO) reports Q2 loss of $0.02 ex-items, versus the analyst estimate of $0.02. Revenues for the quarter were $277.9 million, versus the consensus of $269.85 million.
International Coal Group, Inc., through its subsidiaries, produces coal in Northern and Central Appalachia with a range of mid to high Btu, low to medium sulfur steam, and metallurgical coal.
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-0.38Comments
slack and misleading report from streetInsider
The Company reported net income of $12.6 million, or $0.07 per share on a diluted basis, in the second quarter of 2008, compared to a net loss of $10.2 million, or a loss of $0.07 per share on a diluted basis, for the same period in 2007. Outlook also raised going forward
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Street Insider didn't read the 2nd Quarter results
JA on Jul 23, 2008 09:06 PMRevenue was up 34% at $277.9 million for the second quarter of 2008, compared to $208.1 million during the same period a year ago. ยท Adjusted EBITDA, or earnings before deducting interest expense, income taxes, depreciation, depletion, amortization and minority interest, was $53.4 million for the second quarter of 2008, compared to $11.3 million for the second quarter of 2007. ยท The Company reported net income of $12.6 million, or $0.07 per share on a diluted basis, in the second quarter of 2008, compared to a net loss of $10.2 million, or a loss of $0.07 per share on a diluted basis, for the same period in 2007.