Alpha Metallurgical Resources falls on lower Q1 profit, higher expense forecast

Alpha Metallurgical Resources

06/05/2024 15:35

** Shares of mining firm Alpha Metallurgical Resources
 AMR.N  down 2.8% at $323.52 
    ** Co posts Q1 net income of $127 mln vs $270.8 mln in the
year-ago quarter 
    ** Co raises full-year forecast for idle operations expense
to between $25 mln and $33 mln vs previously announced range of
$18 mln to $28 mln 
    ** However, co says Q1 coal sales rose to 4.4 million tons
vs 3.9 million tons last year 
    ** Including the session's losses, stock is down 4.4% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))