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Reuters reported today that Arch Coal (NYSE:ACI) announced smaller than expected losses in its quarterly report. The company’s operating costs fell 7 percent, according to Reuters.
Reuters reported today that Arch Coal (NYSE:ACI) announced smaller than expected losses in its quarterly report. The company’s operating costs fell 7 percent, according to Reuters.
As quoted in the publication:
The company is turning its focus to producing metallurgical coal from its low-cost assets in Appalachia, where it has eight mines. Arch Coal’s net loss widened to $97 million in the second quarter ended June 30 from $72.2 million a year earlier. Excluding items its loss of 46 cents per share was narrower than the average analyst estimate of a loss of 49 cents per share, according to Thomson Reuters I/B/E/S.