Arch Coal Records Smaller Than Expected Losses for Q2

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.

Click here to read the full Reuters article.