Arch Coal beats Street 4Q forecasts

Associated Press |

ST LOUIS (AP) _ Arch Coal Inc. (ARCH) on Tuesday reported fourth-quarter net income of $81.3 million.

The St. Louis-based company said it had profit of $3.64 per share. Earnings, adjusted for one-time gains and costs, were $4.12 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.

The coal producer posted revenue of $560.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $559.5 million.

For the year, the company reported profit of $238.5 million, or $9.84 per share. Revenue was reported as $2.32 billion.

Arch Coal shares have decreased nearly 5 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCH at https://www.zacks.com/ap/ARCH

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