Westmoreland Coal (WLB) Posts Q3 Loss of 46c/Share; Updates FY16 Outlook
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Westmoreland Reports Third Quarter 2016 Results; Updates Full-Year Guidance
November 1, 2016 8:00 AM EDTENGLEWOOD, Colo., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Westmoreland Coal Company (Nasdaq: WLB) today reported financial results for the third quarter and updated its 2016 guidance.
Third Quarter Highlights
Revenues of $370.7 million from 13.9 million tons soldNet loss applicable to common shareholders of $8.5 million, or $0.46 per shareAdjusted EBITDA of $71.2 million, a new quarterly recordNine Month Highlights
Revenues of $1,081.7 million from 39.7 million tons soldNet loss applicable to common shareholders of $3.3 million, or $0.18 per share, including a sizable tax benefitAdjusted EBITDA of $179.0... More