Investing.com - Arch Coal reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arch Coal announced earnings per share of $-1.67 on revenue of $405.2M. Analysts polled by Investing.com anticipated EPS of $-0.77 on revenue of $411.17M. That with comparison to EPS of $3.91 on revenue of $555.18M in the same period a year before.Arch Coal had reported EPS of $-0.6 on revenue of $549.48M in the previous quarter.Analysts are expecting EPS of $-0.05 and revenue of $420.2M in the upcoming quarter.
Arch Coal shares are down 2% from the beginning of the year and are trading at $29.54 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.73% year to date.
Arch Coal follows other major Energy sector earnings this month
Arch Coal's report follows an earnings matched by Schlumberger on April 17, who reported EPS of $0.25 on revenue of $7.46B, compared to forecasts EPS of $0.25 on revenue of $7.53B.
Tatneft ADR had missed expectations on March 31 with first quarter EPS of $2.5 on revenue of $3.08B, compared to forecast for EPS of $3.34 on revenue of $4.26B.
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