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Reuters reported that Arch Coal (NYSE:ACI) increased its 2011 earnings target after high coal prices helped its first quarter earnings beat expectations.
Reuters reported that Arch Coal (NYSE:ACI) increased its 2011 earnings target after high coal prices helped its first quarter earnings beat expectations.
The market news is quoted as saying:
Excluding one-time items, the St. Louis-based company earned 36 cents per share, 4 cents above the average forecast of analysts polled by Thomson Reuters I/B/E/S.