Westmoreland Coal (WLB) Posts Q3 Loss of 46c/Share; Updates FY16 Outlook

November 1, 2016 8:04 AM EDT

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Westmoreland Coal (NASDAQ: WLB) reported Q3 EPS of ($0.46), $0.85 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $370.7 million versus the consensus estimate of $387 million.

Westmoreland’s updated 2016 guidance is:

Coal tons sold50 - 55 million tons
Adjusted EBITDA$255 - $265 million
Free cash flow$75 - $85 million
Capital expenditures$50 - $55 million
Cash interestapproximately $97 million

For earnings history and earnings-related data on Westmoreland Coal (WLB) click here.

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