Walter Energy Falls on Failure to Meet Q4 Estimates

Mining Weekly reported that Walter Energy Inc.’s (NYSE:WLT) share price fell 11 percent on Tuesday after it missed fourth-quarter earnings forecasts and reported a wider adjusted loss.

As quoted in the market news:

Excluding special items, Walter Energy reported an adjusted net loss for the fourth quarter ended December of $137.6-million, or $1.97 a share, compared with an adjusted net loss for the prior-year period of $63.6-million, or $1.02 a diluted share.

Wall Street analysts on average expected an adjusted loss of $1.59 a share on revenue of $326.55-million.

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