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Arch Coal -2% after beating on earnings, missing on revenues [Seeking Alpha]

Arch Coal, Inc (ARCH)  More Company Research Source: Seeking Alpha
Last arch coal, inc earnings: 10/23 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.archcoal.com
PDF Arch Coal -2% after beating on earnings, missing on revenuesArch Coal (ARCH-2.4%) is lower after reporting mixedQ4 results, including better than expected earnings but a decline in revenues.Arch's $81.3M Q4 profit was higher than the $33.4M profit from the prior-year quarter but much of the improvement was due to a $34.8M net tax benefit associated with alternative minimum tax credits that became refundable under the recent tax law changes.Arch initiates FY 2018 sales volume guidance of 92M-99M tons, in-line with 2017 sales volumes; it expects to sell 86M-92M tons of thermal coal this year, with thermal sales ~82% committed for FY 2018, and forecasts sales of 6.4M-7M tons of metallurgical coal.Cash cost per ton sold in Arch's Metallurgical and Powder River Basin segments are expected to be similar to 2017 levels.The company also raises its quarterly dividend to $0.40/share from $0.35.See all stocks on the move »Now read:SilverCrest Metals Is The Real Deal » [Read more]

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