Arch Coal (ACI) Trades Down Over 7.5% on New FY11 Guidance
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Price: $11.98 -1.16%
Financial Fact:
Interest expense: -46.16M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Interest expense: -46.16M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Arch Coal, Inc. (NYSE: ACI) now expects its adjusted earnings before interest, taxes, depreciation, depletion and amortization to be in the $900 million to $1.0 billion range for full year 2011, representing the highest level in company history but below the previous range given on July 29, 2011.
The company also expects its 2011 adjusted earnings per diluted share to be in the range of $1.00 per share to $1.40 per share, subject to the final determination of purchase price accounting for the acquisition of International Coal Group. The Street currently forecasts EPS of $2.02 for fiscal 2011.
Shares of ACI are trading down 7.54 percent or $1.09 to to $13.48
The company also expects its 2011 adjusted earnings per diluted share to be in the range of $1.00 per share to $1.40 per share, subject to the final determination of purchase price accounting for the acquisition of International Coal Group. The Street currently forecasts EPS of $2.02 for fiscal 2011.
Shares of ACI are trading down 7.54 percent or $1.09 to to $13.48
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