Arch Coal, Inc. Reports First Quarter 2015 Results
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Arch Coal (ACI) Posts Q1 adj.-Loss of 54c/Share; Updates on Market Trends, Company Outlook
April 21, 2015 7:47 AM EDTArch Coal (NYSE: ACI) reported Q1 EPS of ($0.54), $0.06 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $677 million versus the consensus estimate of $731.82 million.
Market Trends
The global coal trade remains under significant pressure, as prevailing seaborne thermal and metallurgical prices have further softened and supply continues to outpace demand growth in the international thermal and metallurgical markets. Global steel production has declined 1 percent since the start of the year, marked by weakness in Europe and Asia, and steel capacity factors in the United States fell below... More
