Westmoreland Coal (WLB) Misses Q2 EPS by 111c
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Westmoreland Reports Second Quarter 2016 Results; Reiterates Full-Year Guidance
August 2, 2016 8:02 AM EDTENGLEWOOD, Colo., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Westmoreland Coal Company (Nasdaq: WLB) today reported financial results for the second quarter and reaffirmed its full-year 2016 guidance.
Second Quarter Highlights
Revenues of $356.2 million from 12.0 million tons soldNet loss applicable to common shareholders of $25.4 million, or $1.37 per diluted shareAdjusted EBITDA of $43.6 millionSix Month Highlights
Revenues of $711.0 million from 25.8 million tons soldNet income applicable to common shareholders of $5.2 million, or $0.28 per diluted share, including a sizable tax... More