Arch Resources, Inc. Announces Retreat In Q2 Profit, Misses Estimates

(RTTNews) - Arch Resources, Inc. (ARCH) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $14.833 million, or $0.81 per share. This compares with $77.353 million, or $4.04 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.6% to $608.751 million from $757.294 million last year.

Arch Resources, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $14.833 Mln. vs. $77.353 Mln. last year. -EPS (Q2): $0.81 vs. $4.04 last year. -Revenue (Q2): $608.751 Mln vs. $757.294 Mln last year.