Coal producer Arch Resources falls on Q2 results miss

Arch Resources

27/07/2023 15:51

** Shares of coal producer Arch Resources Inc  ARCH.N  fall
3.4% to $116.54
    ** Co reports Q2 profit of $4.04/shr, down nearly 80% from
last year, missing analysts' estimates of $5.76/shr - Refinitiv
    ** ARCH has missed earnings estimates for five previous
quarters
    ** Quarterly revenue of $757 mln misses analysts' avg.
estimate of $670 mln
    ** Challenges at West Elk mine in Colorado to continue to
hamper thermal segment's sales volumes and to pressure unit
costs in Q3 - co
    ** Including session losses, stock down 15% YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))