Investing.com - Arch Resources reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $19.3 on revenue of $1.13B. Analysts polled by Investing.com anticipated EPS of $23.41 on revenue of $1.06B.
Arch Resources shares are up 65.57% from the beginning of the year and are trading at $139.00 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Arch Resources shares lost 3.86% in pre-market trade the report.
Arch Resources follows other major Energy sector earnings this month
Arch Resources's report follows an earnings beat by Shell ADR on Thursday, who reported EPS of $3.08 on revenue of $100.06B, compared to forecasts EPS of $2.75 on revenue of $94.53B.
TotalEnergies SE ADR had beat expectations on Thursday with second quarter EPS of $3.75 on revenue of $70.45B, compared to forecast for EPS of $3.7 on revenue of $63.44B.
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