Alpha Natural Resources Swings To 3Q Profit

The Wall St. Journal.com reports that Alpha Natural Resources has announced that higher coal shipments and improved pricing have contributed to a Q3 profit.

The story is quoted as saying:

Alpha posted a profit of $31.9 million, or 27 cents a share, compared with a year-earlier loss of $16.3 million, or 16 cents. Excluding merger-related expenses in both periods and other impacts, earnings from continuing operations grew to 58 cents from 50 cents. Revenue climbed 37% to $1 billion.

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