Arch Coal Shares Drop on Lower Profits, Production Cuts

Reuters reported that shares of Arch Coal (NYSE:ACI) were down after the company’s profits missed analyst expectations.

As quoted in the market news:

The disappointing earnings, combined with its gloomy outlook and production and job cuts, sent Arch shares down 4.8 percent to $14.83 in afternoon trading on the New York Stock Exchange on Friday.

Click here to read the full Reuters report.