Flat Q1 Results from Arch Coal (ACI) Pressures Coal Segment (BTU) (JRCC)
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Arch Coal, Inc. (ACI) Reports In-Line Q1 Loss of 34c/Share; Comments on Market
April 23, 2013 7:33 AM EDTArch Coal, Inc. (NYSE: ACI) reported Q1 EPS of ($0.34), in-line with the analyst estimate of ($0.34). Revenue for the quarter came in at $825.5 million versus the consensus estimate of $912.03 million.
Market trends:
Arch expects U.S. coal consumption for power generation to increase by 50 million tons or more in 2013 compared with 2012, due to favorable weather trends and higher... More
