Arch Resources, Inc. Q3 Profit Advances, but misses estimates

(RTTNews) - Arch Resources, Inc. (ARCH) released earnings for its third quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $181.01 million, or $8.68 per share. This compares with $89.14 million, or $4.92 per share, in last year's third quarter.

Analysts on average had expected the company to earn $9.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 45.3% to $863.84 million from $594.41 million last year.

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

-Earnings (Q3): $181.01 Mln. vs. $89.14 Mln. last year. -EPS (Q3): $8.68 vs. $4.92 last year. -Analyst Estimate: $9.61 -Revenue (Q3): $863.84 Mln vs. $594.41 Mln last year.