Sterne Agee CRT Downgrades Arch Coal Inc (ACI) to Neutral
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Arch Coal (ACI) Posts Narrower-than-Expected Q3 Loss
November 9, 2015 6:47 AM ESTArch Coal (NYSE: ACI) reported Q3 EPS of ($3.38), $2.07 better than the analyst estimate of ($5.45). Revenue for the quarter came in at $688.5 million versus the consensus estimate of $678.63 million.
For the first nine months of 2015, Arch generated adjusted EBITDA of $262 million compared with $164 million in the prior-year period. Total revenues declined to $2.0 billion for the nine months ended September 30, 2015, largely due to lower metallurgical coal prices and output.
"From an operational perspective, Arch delivered an exceptionally strong performance during the quarter," said John W. Eaves, Arch's chairman and... More
