Walter Energy (WLT) Reports Smaller-than-Expected Q3 Loss, Sales Miss

Walter Energy (NYSE: WLT) reported Q3 EPS of ($1.48), $0.15 better than the analyst estimate of ($1.63). Revenue for the quarter came in at $329.55 million versus the consensus estimate of $333.82 million.

"In the challenging pricing environment for met coal, we remain focused on lowering production costs, reducing SG&A and improving productivity," said Walt Scheller, Chief Executive Officer. "We have also idled assets that aren't generating cash, and we're reducing inventory across the Company. We expect our operating and financial results to reflect these actions going forward, making us more competitive and positioning us well for a recovery in met coal pricing."

For earnings history and earnings-related data on Walter Energy (WLT) click here.

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